[BlockBeats] Interesting on-chain data for December 7—
Spotted a big whale making aggressive moves today: directly dumped $3 million USDT into HyperLiquid, then opened a 10x leveraged short on ETH.
This is not a small position. At the current ETH price, it amounts to controlling a $30 million short. Judging by the operation, this whale is firmly bearish on the short-term trend.
That said, high leverage comes with high risk. If ETH suddenly rallies, the liquidation could happen very quickly. With a counterparty of this size entering the market, it’s worth keeping an eye on how ETH performs at key levels going forward.
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MevTears
· 5h ago
Big whales eventually become chumps
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mev_me_maybe
· 12-07 11:32
This short position is about to be breached.
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RetroHodler91
· 12-07 11:29
Whales take action, retail investors suffer
View OriginalReply0
FloorPriceNightmare
· 12-07 11:06
If the big shots are bearish, I'll follow and go short.
Whale Splurges 3 Million USDT Shorting ETH: 10x Leverage Bet on Decline
[BlockBeats] Interesting on-chain data for December 7—
Spotted a big whale making aggressive moves today: directly dumped $3 million USDT into HyperLiquid, then opened a 10x leveraged short on ETH.
This is not a small position. At the current ETH price, it amounts to controlling a $30 million short. Judging by the operation, this whale is firmly bearish on the short-term trend.
That said, high leverage comes with high risk. If ETH suddenly rallies, the liquidation could happen very quickly. With a counterparty of this size entering the market, it’s worth keeping an eye on how ETH performs at key levels going forward.