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Whale opens 20x Ether long on Hyperliquid after closing BTC, ETH shorts

Whale opens 20x Ether long on Hyperliquid after closing BTC, ETH shorts

Reports tied to wallet 0x50b3 describe a trader closing roughly $82 million in Bitcoin and Ether shorts, making additional gains on an ETH short, then flipping into a roughly $58 million to $61 million 20x ETH long.

BTC
ETH
USDC

Fact Check
BlockBeats flash 350432 (a caller-supplied link) directly reports the event attributed to Hyperinsight: wallet 0x50b309... closed overnight BTC and ETH shorts (~$82M notional, 782 BTC + 21,429 ETH at max leverage) for ~$170,000 profit, matching the claim's wallet, amount, profit figure, and overnight holding period. KuCoin independently corroborates with identical address, profit, and position details. Coinglass and hypurrscan confirm the wallet is a genuine active Hyperliquid trader. The only minor discrepancy is rounding ($80M vs $82M), which the original $82M opening notional reconciles.
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Summary

A Hyperliquid whale tied in older reporting to wallet 0x50b309f78e774a756a2230e1769729094cac9f20 was reported to have closed 782 BTC and 21,429 ETH short positions worth about $82 million for roughly $170,000 profit, later earned another $594,000 on an ETH short, and then opened a 20x leveraged ETH long. Position snapshots varied across reports: one update described a newly created wallet as depositing $3 million in USDC and building a 36,826 ETH long worth about $61.13 million at an entry price of $1,620.6, while later monitoring showed a 36,097 ETH long worth about $58.49 million to $58.8 million with a liquidation price of $1,531.9. Reported mark-to-market also shifted by update, from about $1.608 million in unrealized profit to about a $380,000 unrealized loss, reflecting position changes and market moves.

Terms & Concepts
  • Hyperliquid: A crypto derivatives trading platform focused on leveraged perpetual-style markets.
  • USDC: A dollar-pegged stablecoin used for trading, settlement, and collateral in crypto markets.
  • liquidation price: The price level at which a leveraged position is forcibly closed if losses exceed posted margin.