Whale Uses $5M USDC to Open $48M 5x Short of 11,884 ETH on Hyperliquid at $4,113

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COINOTAG News reported on September 29 that, according to on-chain analyst Ai Auntie, the address 0x69e…45272 deposited 5 million USDC as collateral to Hyperliquid and then used 5x leverage to open a short position of 11,884.57 ETH. The position’s notional exposure is approximately $48 million with an opening price near $4,113.23, and on-chain data shows an unrealized PNL of $44,000. This summary reflects the reported on-chain activity and refrains from further speculation, relying solely on the available chain-level indicators and the analyst’s disclosure.

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Source: https://en.coinotag.com/breakingnews/whale-uses-5m-usdc-to-open-48m-5x-short-of-11884-eth-on-hyperliquid-at-4113/