BlockBeats news: On January 30, according to OnchainLens monitoring, after two years of inactivity, a whale sold 699 ETH for 1.876 million USDC. The funds were then deposited into HyperLiquid, and a long ETH position worth approximately 18 million USD was opened with 20x leverage.
Whale Sells 699 ETH, Then Opens $18M Long Position on HyperLiquid
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Summary
Whale activity in trading saw a significant development on January 30, 2026, when a large holder sold 699 ETH for $1.876 million USDC after two years of inactivity. The funds were subsequently used to open an $18 million long ETH position on HyperLiquid with 20x leverage. Position trading on the platform is drawing increasing attention as whale actions continue to impact market dynamics.
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