A whale has opened a large leveraged short position on Ether on Hyperliquid, according to on-chain tracker Onchain Lens. The trader deposited about $500,000 to the platform and used 25x leverage to build a 6,914 ETH short position valued at roughly $12.43 million.
The reported entry price for the position was $1,790.36, with a liquidation level at $1,825.58. At the time of the update, the position was showing an unrealized loss of about $50,700. The liquidation price was only 1.55% away, leaving the trade with limited room before being forced out.
The figures were cited by BlockBeats in a July 11 market update based on monitoring data from Onchain Lens.
A whale deposited about $500,000 into Hyperliquid and opened a 25x leveraged short position of 6,914 ETH, according to Onchain Lens data cited by BlockBeats on July 11. The position was valued at about $12.43 million.
The short was opened at $1,790.36, with a liquidation price of $1,825.58. At the time of the update, the position was showing an unrealized loss of about $50,700, with the liquidation level just 1.55% away.
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