Whale Adds $1.11M USDC Margin on Hyperliquid, Opens 3x Long on ETH Worth $13.05M

News Editor

2026-06-30 11:31:36

An on-chain whale address added 1.11 million USDC as margin on Hyperliquid and subsequently opened a 3x long position of 8,253.89 ETH at an average entry price of $1,581.9, with a total value of $13.05 million and liquidation price at $1,078.5. The move signals strong bullish sentiment on Ethereum from a large player.

whaleHyperliquidETHlong positionUSDCmarginon-chainderivatives

According to on-chain analyst Ai Yi, a whale address added 1.11 million USDC as margin to the decentralized derivatives exchange Hyperliquid one hour ago. Shortly after, the address opened a 3x long position of 8,253.89 ETH, worth approximately $13.05 million, at an entry price of $1,581.9 per ETH, with a liquidation price set at $1,078.5.

The margin injection and leveraged long indicate the whale is betting on an upside move in Ethereum's price. With 3x leverage, the liquidation level sits about 31.8% below the entry price, providing a decent buffer against volatility. This is a significant position size on Hyperliquid, and the market will be watching for any follow-up actions from this address.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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