On August 20, the wallet pension-usdt.eth faced a loss of nearly $24 million due to the forced closure of a short position on 50,000 ETH. As reported by Hyperliquid, the liquidation occurred through five transactions between 04:51:03 and 04:51:15, during which the price of Ethereum surged by $43. The last 1,417 ETH were absorbed by the platform's insurance fund. Prior to this incident, the address had profited approximately $49 million from bets against the market, leaving it with a balance of $35.61 afterward.