Ethereum Whale Nets $20 Million Floating Profit from 10x Leveraged Short on Hyperliquid

According to data from OnchainLens, a significant whale on the Hyperliquid platform is currently holding a leveraged short position on Ethereum (ETH) with a floating profit nearing $20 million. The position, valued at approximately $91.8 million, utilizes 10x leverage, reflecting a strategic bet against ETH’s price movement. The entry price for this short was $2,793, while the liquidation threshold is set at $2,941, indicating a tightly managed risk profile. This sizable position underscores the growing influence of large-scale traders in the crypto derivatives market and highlights the volatility inherent in ETH trading. Market participants should monitor such leveraged positions closely, as they can significantly impact price dynamics and liquidity on platforms like Hyperliquid.

‘,
‘

🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!

‘,
‘

💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!

‘
];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();