According to recent data from Onchain Lens, a significant whale has liquidated a 25x leveraged long position on Ethereum (ETH), realizing a substantial profit of $5.19 million. This strategic move highlights the volatility and high-stakes nature of leveraged trading within the crypto market. Following the closure of this position, the investor proceeded to withdraw all assets from HyperLiquid, signaling a cautious approach amid fluctuating market conditions. This development underscores the importance of risk management and timely decision-making for large-scale traders in the decentralized finance ecosystem.
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Source: https://en.coinotag.com/breakingnews/ethereum-whale-closes-25x-long-position-secures-5-19-million-profit-and-withdraws-from-hyperliquid/