$ETH Longs Suffer Brutal Drawdown as CLARITY Act Vote Fails

A Hyperliquid trader known as 麻吉 has suffered a significant drawdown after the failure of the CLARITY Act vote, which triggered a crypto market crash.

The trader had long positions in $HYPE, $BTC, and $PUMP, but these have already been cut for a realized loss of $3.99 million.

However, the remaining 12500 $ETH 25x position, entered at $2468.23, is now under threat as it sits at $2408.8 with only $104.4 buffer to liquidation and an unrealized loss of $891k.

The account's 4h chart price is trading inside the Bollinger band, testing lower support at $2402.14, while EMA50 resistance at $2481.53 caps upside and a MACD death cross at -20.27 confirms bearish momentum.