- Whale opened a $96M short position on Ethereum using 25x leverage.
- Ethereum trades at $2,532 with 5.35% gain despite shorting activity.
- High leverage increases risk, reflecting volatile crypto derivatives market.
A significant whale recently deposited 3.876 million USDC into the Hyperliquid platform to initiate a short position on Ethereum (ETH). The trader entered the market at a price of $2,568.12, using 25x leverage. This sizeable move reflects a substantial bet against ETH’s near-term price direction on the decentralized exchange.
Details of the Short Position
According to a Spot On Chain post on X, the trader’s capital injection of 3.876 million USDC on Hyperliquid enabled opening a short position with 25 times leverage. This leverage level means the effective exposure in the ETH market exceeds 96 million US dollars. By choosing the entry price of $2,568.12, the whale positioned the trade to profit if ETH’s price declines below that point.
Hyperliquid is known for facilitating leveraged trades with stablecoin deposits, and this transaction marks one of the larger single-asset moves recently. The size of the deposit indicates a high degree of confidence in the short strategy, considering the amplified risk involved with 25x leverage.
Ethereum Vs USDC Market Movement
Tracking the current market trend, CoinMarketCap data indicates that Ethereum (ETH) trades at $2,532.32, gaining 5.35% over 24 hours. Its market capitalization stands at $305.72 billion, reflecting the same percentage increase. The 24-hour trading volume dropped 16.60% to $26.85 billion. The volume-to-market cap ratio is 8.51%.
The chart shows ETH’s price rising to $2,531.16 with a 7.50% gain during the Asian trading session. The USDC price remained stable near $1.00. The 24-hour volume at this time registered $26.02 billion. The data indicates strong price momentum despite reduced trading volume. Market cap growth aligns with the price increase, showing steady investor interest.
Implications of the Leverage and Market Activity
Using 25x leverage multiplies both potential gains and losses. Therefore, the position carries a significant risk of liquidation if the price moves against the trade. The whale’s decision to commit nearly four million USDC suggests an expectation of downward pressure on Ethereum’s price.
This transaction follows a trend where large holders increasingly engage in leveraged shorting to capitalize on market volatility. Moreover, the activity impacts market liquidity on Hyperliquid and could influence price action in the broader Ethereum market.
A single whale deposited 3.876 million USDC on Hyperliquid to short ETH with 25x leverage at an entry price of $2,568.12. This trade represents an exposure of over 96 million dollars. The move adds to the growing volume of leveraged positions on Ethereum, reflecting dynamic trading strategies among major market players.
The reported facts highlight a notable short position on ETH executed with high leverage, emphasizing the risks and scale involved in such trades. This transaction underscores the continuing complexity and activity within the crypto derivatives market.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed