#Whale adds to ETH short position, incurring $5.36 million in losses.#
Hot Topic Overview
Overview
Recently, a whale who shorted ETH with 50x leverage on the decentralized exchange Hyperliquid added 5 million USDC to raise their average entry price for their short position. However, as ETH prices continue to rise, the whale is currently down $5.36 million, with a liquidation price of $4,891.59.
Ace Hot Topic Analysis
Analysis
Recently, a whale who shorted ETH with 50x leverage on the decentralized exchange platform Hyperliquid added $5 million USDC to raise their average entry price for their short position. However, due to the continuous rise in ETH price, the whale is currently facing a $5.36 million loss, with a liquidation price of $4,891.59. This means that if the ETH price continues to rise and breaks through $4,891.59, the whale's short position will be forcibly liquidated, resulting in even greater losses. This event has sparked market attention on the ETH price trend and serves as a reminder for investors to be cautious when engaging in high-leverage trading and to implement proper risk management.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale increased its short position on the Hyperliquid platform and added 5 million USDC as ETH price rose.
The whale is currently down $5.36 million, and the liquidation price of its short position is $4,891.59.
The whale shorted ETH on Hyperliquid with 50x leverage and used 5 million USDC to add margin, raising the average entry price of its short position.
This behavior of the whale may indicate a bearish outlook on the future price of ETH.