Lookonchain
A trader, identified on-chain as 0x9bb7, opened a short position on 24,696 NVDA worth $3.68 million, timing the entry as the price was falling.
The bounce came fast. NVDA reversed almost immediately after the short was opened, and the position was liquidated in less than a minute, per on-chain data from HypurrScan.
The episode is a textbook display of perp leverage risk: a directional bet sized at $3.68M survived barely sixty seconds against a counter-move.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0x9bb760b88f03e804257853cf25ea2e3920744112#txs)
Frequently asked questions
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How large was the NVDA short position that got liquidated?
The trader opened a short on 24,696 NVDA, a position valued at $3.68 million at entry.
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How fast was the position liquidated?
The liquidation hit in less than a minute after the short was opened, as NVDA reversed from its drop almost immediately.
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Who was the trader behind the liquidated NVDA short?
The position is attributed on-chain to wallet address 0x9bb7, with the transaction visible on the HypurrScan block explorer.
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What is a perp liquidation?
A liquidation is the forced closure of a leveraged perpetual futures position when the market moves against it far enough that the collateral no longer covers the exposure.
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Why did the short get wiped out so quickly?
The trader entered during the price crash, so the position carried maximum leverage exposure into the reversal. When NVDA bounced, the margin was exhausted almost instantly.
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