ChainCatcher report, according to Hyperinsight monitoring, ETH has rebounded approximately 5.67% from its Saturday low, rising back to $2,120, nearing the liquidation level of the largest ETH short position on Hyperliquid. This address shorted 47,603.6 ETH at 23x leverage earlier today, with a position value of approximately $101 million, currently holding an unrealized loss of $1.09 million (-24.6%). At the current price, if ETH rises another $30 to reach the $2,049 level, this $101 million short position will be liquidated. The liquidation price is only about 1.32% away from the current price. Address: 0x50b309f78e774a756a2230e1769729094cac9f20.
ETH rises 5.67% to $2,120, threatening a $101M short position on Hyperliquid
ChaincatcherShare
Summary
Ethereum (ETH) rose 5.67% to $2,120, putting pressure on a $101 million short position on Hyperliquid. This leveraged position, consisting of 47,603.6 ETH at 23x leverage, now carries a $1.09 million unrealized loss (-24.6%). Position sizing is critical here, as a $30 increase to $2,049 would trigger liquidation. The liquidation price is just 1.32% below the current ETH price. Address: 0x50b309f78e774a756a2230e1769729094cac9f20. The risks of leveraged trading are clearly evident.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.