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Whale’s ETH Long Position Hits $3.01 Million in Floating Profit After Powell's Dovish Remarks

Whale’s ETH Long Position Hits $3.01 Million in Floating Profit After Powell's Dovish Remarks

A whale has leveraged 25x to increase their Ethereum short position, currently showing an $800,000 floating profit on a $76 million total position.

ETH
USDC

Summary

A whale has deposited 1.95 million USDC into HyperLiquid to increase their Ethereum short position, now worth $76 million with a floating profit of $800,000. The position was taken with 25x leverage, reflecting a bearish market stance despite Ethereum’s current price action.

Terms & Concepts
  • Whale: A term used to describe a large cryptocurrency holder, often influencing market prices due to their significant trading volume.
  • Floating Profit: The unrealized gain on an investment, representing the difference between the current market price and the entry price of the asset.
  • Leverage: The use of borrowed funds to increase the size of a trading position, which amplifies both potential gains and losses.