The liquidation risk for the long position of $ETH on Hyperliquid is sky-high.
The TOP3 whale (0x535) has a $22.8 million long position with a liquidation price of $2237, just $50 away from the current price, and is already sitting on a 43.7% unrealized loss.
Following closely is ‘buddy’ Huang Licheng with a $35.68 million ETH long, which has a liquidation price of $2215, plus an additional $42.7 million long position at $BTC . If there’s a correlated drop, the chain reaction of liquidations could be extremely risky.
With institutions shifting positions and whales facing liquidation, the pressure on ETH is getting serious.
Address: 0x535e34b5ada64997afc88444271ae9b3f82b3867
Address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872
#ETH #Hyperliquid #OnChainData
The TOP3 whale (0x535) has a $22.8 million long position with a liquidation price of $2237, just $50 away from the current price, and is already sitting on a 43.7% unrealized loss.
Following closely is ‘buddy’ Huang Licheng with a $35.68 million ETH long, which has a liquidation price of $2215, plus an additional $42.7 million long position at $BTC . If there’s a correlated drop, the chain reaction of liquidations could be extremely risky.
With institutions shifting positions and whales facing liquidation, the pressure on ETH is getting serious.
Address: 0x535e34b5ada64997afc88444271ae9b3f82b3867
Address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872
#ETH #Hyperliquid #OnChainData
