🚨 ETHEREUM WHALE LOSES $469K BUT REOPENS A $16.2M SHORT BET
A major trader on Hyperliquid suffered approximately $469,000 in realized losses after an ETH rebound forced the liquidation of 8,162 ETH in short positions. Despite the loss, the trader added another 1,126 ETH in shorts, bringing the remaining position to approximately 6,789 ETH, worth $16.2 million, using 25x leverage. ETH was trading around $2,393, while the estimated liquidation price stood at $2,434.67.
⚠️ Market Warning: If ETH rises toward the liquidation level, further short liquidations could trigger a short squeeze. However, the whale’s bearish bet does not guarantee a price decline. Traders should monitor ETH price action, open interest, and liquidation levels closely.
#eth #Btc
A major trader on Hyperliquid suffered approximately $469,000 in realized losses after an ETH rebound forced the liquidation of 8,162 ETH in short positions. Despite the loss, the trader added another 1,126 ETH in shorts, bringing the remaining position to approximately 6,789 ETH, worth $16.2 million, using 25x leverage. ETH was trading around $2,393, while the estimated liquidation price stood at $2,434.67.
⚠️ Market Warning: If ETH rises toward the liquidation level, further short liquidations could trigger a short squeeze. However, the whale’s bearish bet does not guarantee a price decline. Traders should monitor ETH price action, open interest, and liquidation levels closely.
#eth #Btc