A trader was liquidated 360 times and lost approximately $12.5 million

On 31 July, a Hyperliquid dealer was cumulatively cleared 360 times, according to OnchainLens. The dealer ' s recent holdings of the BTC and SOL warehouses were again partially liquidated, with a combined exposure of approximately $1.47 million, resulting in a loss of approximately $351 million. The data show that the trader ' s cumulative historical gains and losses were approximately negative $12.5 million。