Editor's PiCK
"Hyperliquid Sees BTC and ETH Whales Clash with Ultra-Leverage Bets"
Summary
- It was reported that ultra-leverage positions by whale investors on the decentralized derivatives exchange Hyperliquid are drawing attention.
- A top trader is using 40x leverage for a long position of 3,788.7 BTC, while another whale holds short positions of 41,851 ETH and 28,248 ETH with 25x and 20x leverage, respectively.
- Some predict that the liquidation of these high-risk positions could significantly impact short-term price movements.
As the Bitcoin (BTC) and Ethereum (ETH) markets enter a phase of directional exploration, ultra-leverage positions by whale investors are being spotted consecutively on the decentralized derivatives exchange Hyperliquid.
On the 18th, on-chain analyst EmberCN reported, "Top trader JamesWynnReal on Hyperliquid has opened a long position of 3,788.7 BTC using 40x leverage." The entry price for this position is recorded at $103,083, with a liquidation price of $96,474. The total position size amounts to approximately $391 million. He also mentioned on X (formerly Twitter), "Bitcoin at $100,000 is still cheap."
Conversely, an account known as address 0xcddf has entered a short position of 41,851 ETH (approximately $103 million) with 25x leverage. The entry price is $2,514, and the liquidation price is set at $2,525, indicating a high risk of liquidation with even a slight rebound.
Additionally, another whale address 0x2258 is confirmed to hold a short position of 28,248 ETH (approximately $70 million) with 20x leverage.
Some speculate that the direction of liquidation of these high-risk positions could dictate short-term price movements.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
