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Ethereum Whale Adds $14.13 Million Long Position at $4,029 Liquidation Price

An Ethereum address on Hyperliquid amplifies its short bet with $32.86 million in leverage, facing significant unrealized losses, yet accumulating substantial funding fees.

ETH
USDC
HYPE

Summary

An Ethereum address has escalated its leveraged short position on ETH to 8,000 ETH worth $32.86 million on Hyperliquid, with an average entry price of $3,547.73. The trader is facing $4.49 million in unrealized losses, with a liquidation price set at $4,522. Despite the losses, they have earned $1.69 million in funding fees.

Terms & Concepts
  • Leveraged Short Position: A short position where an investor borrows assets and amplifies their bet using leverage, betting on a price decrease with increased potential gains or losses.
  • Unrealized Losses: The loss on a position that has not yet been closed, indicating the current loss if the position were closed at the current market price.
  • Funding Fees: Fees that traders pay or receive when holding leveraged positions, typically reflecting the cost of borrowing funds or the interest rate between long and short positions.