#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 the short position. However, with the rise in ETH price, the whale is currently down $5.36 million, with a liquidation price of $4,891.59.
Ace Hot Topic Analysis
Analysis
Recently, there have been reports that a whale who shorted ETH with 50x leverage on the decentralized exchange platform Hyperliquid has bought 5 million USDC to raise their average entry price for their short position. However, with the rise in ETH price, the whale is currently facing a $5.36 million loss, with a liquidation price of $4,891.59. This event has attracted market attention, with many speculating whether the whale will continue to buy or choose to cut their losses and exit. Currently, the whale's next move is unclear, but their massive floating loss has become a focal point of market discussion.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whales are attempting to profit by increasing their short positions as ETH price rises.
Whales are currently down $5.36 million, with a liquidation price of $4,891.59.
Whales are shorting ETH with 50x leverage and are operating through the Hyperliquid platform.
Whales' short positions are at risk of liquidation, and if ETH price continues to rise, whales will face greater losses.