Whale Liquidated: $11 Million Silver Position Wiped Out in Market Plunge

A high-stakes trader has suffered a catastrophic loss, witnessing an entire portfolio evaporate after a massive long position on silver went bust. Exchange logs confirm the total liquidation of a position with a notional value estimated at over $11 million in xyz:SILVER, leaving the account with a "Perp Total Value" of exactly $0.

The trading interface reveals a brutal "waterfall" decline in the trader's 1-week Profit and Loss (PnL) statement, culminating in a total realized loss of -$371,943.84. The fatal blow occurred 39 minutes prior to the snapshot, triggered by a forced "Close Long / Close All" execution.

Key details from the liquidation event:

* The Position: The trader was holding approximately 89,690 units of synthetic silver.

* The Collapse: The PnL chart shows a brief green spike—likely a moment of unrealized profit or a position add—immediately followed by a vertical drop. This indicates a sudden, violent market reversal that triggered an instant margin call.

* The Cost: Beyond the six-figure equity loss, the specific trade log shows a single "Close Long" transaction resulting in a -$311,980.53 hit, accompanied by over $600 in transaction fees just to unwind the dying position.

This event serves as a stark reminder of the risks inherent in high-leverage perpetual markets, where even massive directional bets can be zeroed out in seconds.