Hyperliquid Trader Loses $400K Due to TWAP Order Mistake
- Order Impact: Trader Mk4 on Hyperliquid accidentally transformed a few hundred thousand dollars of long GOLD adjustment into a massive short order worth approximately $109 million, causing the market to drop about 0.3% within 10 minutes.
- Rapid Market Reaction: Following the TWAP initiation, Hyperliquid's GOLD market fell roughly 0.5%, illustrating the significant influence of large automated sell programs even when the underlying asset experiences minimal movement.
- Loss Assessment: After realizing the mistake, Mk4 began buying back the short position through another TWAP, ultimately incurring an estimated loss of $400,000, highlighting how erroneous order setups can lead to substantial losses in fast-moving derivatives markets.
- Risk Management Failure: The failure to correctly apply reduce-only settings resulted in the trader unintentionally flipping to a short position while attempting to trim a long, underscoring the critical importance of execution settings in high-frequency trading environments.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ORDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0408 | 0.0454 | 0.0491 | 0.0537 | 0.0573 | 0.0619 | 0.0656 |
| Fibonacci | 0.0454 | 0.0486 | 0.0505 | 0.0537 | 0.0568 | 0.0588 | 0.0619 |
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