#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 action did not prevent 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, the whale's short position will be at risk of liquidation.
Ace Hot Topic Analysis
Analysis
Recently, a whale who shorted ETH with 50x leverage on the decentralized exchange platform Hyperliquid suffered a huge floating loss due to the rise in ETH price. According to monitoring, the whale has added 5 million USDC to raise its average entry price for the short position, but it is still floating at a loss of $5.36 million, 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 will face liquidation risk and lose all its investment. This event has attracted market attention, with many people believing that the whale's strategy is too aggressive and risky, and expressing concern about whether it can ultimately escape the predicament.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale increased its short position, resulting in a $5.36 million unrealized loss as ETH price surged.
The whale shorted ETH on Hyperliquid platform with 50x leverage and added $5 million USDC to raise its average entry price for the short position.
The whale's liquidation price is $4,891.59. If ETH price continues to rise, the whale may face liquidation risk.
The whale's shorting behavior has sparked community attention and discussion. Some believe the whale may face significant losses, while others believe the whale may have unlimited bullets and ultimately profit.