ETH Whale Avoids Liquidation by $0.90 Amid Market Dip

A whale uses 3x leverage to open a short position on Ethereum, depositing $6.69 million and purchasing $3.9 million in ETH.

ETH

HYPE

204d ago

Summary

A whale has deposited $6.69 million into Hyperliquid, using 3x leverage to short Ethereum. The whale bought 889.3 ETH at $4,385 per coin, totaling $3.9 million in spot purchases. This move signals a bearish market outlook on ETH, with the whale betting on further price declines.

Terms & Concepts

Leverage: The use of borrowed funds to increase the potential return on an investment, but also amplifying the risk of loss.
Short Position: A trading position that profits from a decline in the price of an asset, achieved by borrowing and selling the asset to buy it back at a lower price.