“Silver Bullish Bear” Suffers $4.46M Unrealized Loss from Shorting Silver

Major Losses from Shorting Silver

On-chain monitoring data revealed that a trader nicknamed the "Silver Bullish Bear" shorted $45 million worth of silver on the Hyperliquid platform using 20x leverage.

Position Closures and Unrealized Losses

Recently, this investor closed 66,900 lots of silver futures, resulting in an $823,000 realized loss. They still hold 352,000 lots of silver short positions, with unrealized losses reaching $4.46 million.

• Initial Position: $45 million
• Leverage Used: 20x
• Realized Loss: $823,000
• Unrealized Loss: $4.46 million

This trade serves as a stark reminder that high-leverage investments carry significant risks, especially in volatile market conditions.