Last night, the contribution of the 'pension fund' resulted in the largest liquidation: 50000 ETH short positions angrily lost $16 million

ETH rose rapidly last night, now reporting around $2230, with a 24-hour increase of up to 20%. During this round of rise, short covering further amplified the gains, and the net liquidation amount of short positions has exceeded $1.4 billion. On Hyperliquid, the address nicknamed "Peninsula Fund" has become one of the most severely injured bears in this round of trading. The cumulative trading volume of this address has exceeded $12 billion at all times, and the historical cumulative profit before the liquidation was $17.76 million. After the market started, it still held nearly 50000 ETH short positions with a nominal value exceeding $100 million. The address of the pension fund was not withdrawn in a timely manner. Previously, it heavily shorted BTC and ETH, and as the market continued to rise, the short losses continued to expand. Public data shows that the address had previously suffered a floating loss of about $5 million in ETH short positions, and the account as a whole had a loss of $16.2 million in the past month. At 04:51 this morning, ETH accelerated its rise again, and the margin for this address was eventually exhausted. According to AiCoin's clearing data, the system balanced approximately 49800 ETH short positions at an average price of $2235.36, with a nominal balance of $111.34 million. The entire process was completed within one minute, and the remaining positions were reset to zero after the liquidation. Based on the scale of this forced liquidation, this ETH short position ultimately resulted in a loss of approximately $16 million. Ironically, the account name is "Pension Fund", but the position management is completely different from that of pension funds. Using a one-sided ETH bear of over $100 million to bet on a market downturn, but ultimately being forced to clear the market after a round of short selling. Join the smart money community on the chain and receive more whale warnings: https://www.aicoin.com/link/chat?cid=N6OVMor5g Smart Money Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902