According to analyst Ash Analytics, a large whale recently deposited 3 million USDC into the Hyperliquid platform and, within the past three hours, shorted 18,260 ETH with 25x leverage, amounting to approximately $60.56 million in total value. Due to the extremely high leverage used, this position is at significant liquidation risk. The entry price was $3,292, the current ETH price is $3,316, and the liquidation price is $3,380, with only a $60 difference remaining. The account is currently floating at a loss of about $440,000.
Whale Deposits 3M USDC into Hyperliquid, Shorts 18,260 ETH with 25x Leverage
TechFlowShare
Summary
Recently, a whale engaged in leveraged trading by depositing 3 million USDC into Hyperliquid and shorting 18,260 ETH at 25x leverage, totaling approximately $60.56 million. The position is at high risk of liquidation, with an entry price of $3,292, ETH currently priced at $3,316, and a liquidation trigger at $3,380. The account has lost roughly $440,000. This move highlights significant whale activity in the ETH short market.
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.