#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 entry price as ETH price surged. However, this move did not work, and the whale is currently down $5.36 million with a liquidation price of $4,891.59. This means that if ETH price continues to rise, the whale's short position will be liquidated, resulting in a huge loss.
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 increase their short position as ETH price rose, attempting to raise their average entry price. However, this operation did not prevent their losses, and the whale is currently down $5.36 million with a liquidation price of $4,891.59. This means that if ETH price continues to rise and breaks through $4,891.59, the whale's short position will be forcibly liquidated, and their losses will further expand. This event has attracted market attention, with many questioning whether the whale has enough funds to cope with potential huge losses and speculating whether they can ultimately "turn the tables."
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The whale continues to short ETH as the price rises, currently with a floating loss of $5.36 million.
The whale shorted ETH on the Hyperliquid platform with 50x leverage and added 5 million USDC to raise the average entry price of its short position.
The whale's liquidation price is $4,891.59. If the price of ETH continues to rise, the whale may face liquidation risk.
The whale's shorting behavior has attracted attention and discussion in the community. Some believe that the whale may face huge losses, while others believe that the whale may have unlimited bullets and ultimately profit.