Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

AI Summary The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind. fulltext: 180 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.coindesk.com/markets/2026/08/20/trader-who-made-usd49-million-shorting-crypto-lost-usd24-million-on-ether-in-12-seconds Source: CoinDesk