Whale Address Initiates 20x Ethereum Short Position on Hyperliquid with 5.1M USDC

Source
Suehyeon Lee

Summary

  • It reported that a whale wallet address (0x0911) opened a 20x Ethereum leveraged short position on Hyperliquid with USDC worth 5.1 million dollars.
  • The position size is 10,796 ETH (about 51 million dollars), and the liquidation price is 5,086.9 dollars.
  • Ethereum (ETH) is currently trading at 4,720.82 dollars, up 4.66% from the previous day.
Photo=LookonChain
Photo=LookonChain

With Ethereum (ETH) surpassing 4,700 dollars, a whale appears to have taken a 20x leveraged short position on Ethereum.

On the 13th (local time), according to LookonChain, a whale wallet address (0x0911) deposited USDC worth 5.1 million dollars on Hyperliquid to take a 20x leveraged short position.

The position size totals 10,796 ETH (about 51 million dollars), and the liquidation price was 5,086.9 dollars. Meanwhile, Ethereum is currently trading on CoinMarketCap at 4,720.82 dollars, up 4.66% from the previous day.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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