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Whale trader opens 25x-leveraged short on 22,000 ETH worth about $35 million

Whale trader opens 25x-leveraged short on 22,000 ETH worth about $35 million

The trader also previously deposited 2 million USDC on HyperLiquid to open a 31,255 CL long with 1x leverage after losses exceeding $4.06 million, according to Onchain Lens monitoring.

ETH
USDC
HYPE

Fact Check
The original OnchainLens X post (status 2071388149557960779) confirms the claim verbatim: a whale deposited $2M USDC into HyperLiquid, opened a 31,255 CL long with 1x leverage, after previously losing over $4.06M. Two independent crypto news outlets (BlockBeats and Odaily) corroborate the same details, both attributing to OnchainLens monitoring data and noting the position value of $2.17M (CL = crude oil futures). All numeric and structural elements match the claim.
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Summary

A whale trader opened a 25x-leveraged short on 22,000 ETH with about $35 million in notional value, marking an aggressive bearish bet on Ethereum. Separately, Onchain Lens monitoring showed the same trader had deposited 2 million USDC into HyperLiquid to open a 31,255 CL long using 1x leverage after previously losing more than $4.06 million. Together, the positions highlight the trader's renewed use of crypto derivatives for large directional bets, ranging from relatively conservative 1x exposure to high-risk leveraged shorting.

Terms & Concepts
  • HyperLiquid: A crypto derivatives trading platform.
  • 25x leverage: Borrowed exposure that magnifies gains and losses by 25 times.
  • notional value: The total face value of a derivatives position.