#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 after ETH surged. However, this move 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 continues to rise, the whale faces liquidation risk, and all their investments will be wiped out.
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 entry price as ETH price surged. However, this operation did not prevent their losses. Currently, the whale is facing a $5.36 million loss, 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, resulting in even greater losses. This event has attracted market attention, with many believing that the whale's position is too aggressive and risky, and expressing concern about whether they can "make it to the other side."
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale added to its short position as ETH price rose, currently experiencing a $5.36 million loss.
The whale shorted ETH on the 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 adding to its short position may indicate a bearish outlook on ETH, but it could also be a gamble, hoping for a price correction in ETH.