#Whale adds to ETH short position, incurring $5.36 million in losses.#

Recently, a whale who shorted ETH with 50x leverage on the decentralized exchange Hyperliquid added $5 million USDC, aiming to raise the average entry price of their short position. However, as ETH prices continue to rise, 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 add to their position or choose to cut their losses. Some analysts point out that the whale's actions may be related to their judgment on the future trend of ETH, or it may simply be part of their market operation strategy. Regardless, the whale's massive floating loss reflects the high volatility of the current market and reminds investors to be cautious when engaging in leveraged trading and to manage their risks effectively.