ETH Whale Sets Large Sell Orders Between $4,190 and $5,555.5

ETH Whale Sets Large Sell Orders Between $4,190 and $5,555.5

An on-chain analyst notes a whale trader on Hyperliquid has amassed nearly $1M in profits from large ETH shorts, reflecting high-value leveraged moves.

ETH
HYPE

Fact Check
The assessment is "likely_true" with high confidence based on strong, consistent evidence from multiple independent sources. Four separate news reports from crypto-focused outlets (Bitget, Blockchain.news, and Coinex) directly and explicitly corroborate the claim. They are remarkably consistent, all citing a large entity ('whale' or 'smart money') placing sell orders for approximately 29,713 ETH within the specific price range of $4,190 to $5,555.5. The specificity and agreement on both the quantity of ETH and the exact price range across these sources significantly strengthens the claim's credibility.While the authority of these news outlets is moderate (0.65-0.70), their perfect relevance and mutual corroboration provide a strong evidentiary basis. Furthermore, there is no conflicting evidence among the provided sources. Other high-authority sources (Amberdata, CoinAPI) describe the exact methodologies for analyzing order book data to identify such large sell walls, confirming that the type of event described is plausible and regularly monitored. These methodological sources, while not confirming this specific event, lend credibility to the reports. Contextual sources (Coindesk, BeInCrypto) discuss large holders and selling pressure, which aligns thematically with the claim, even though they don't mention the specific orders. One source was entirely irrelevant and was disregarded. The convergence of multiple, specific, and uncontradicted reports makes the statement very likely to be true.
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Summary

An on-chain analyst reported that a cryptocurrency whale trading on Hyperliquid has gained nearly $1 million from recent Ethereum shorts. The trader initially opened 3,464.40 ETH short contracts, later increasing to 7,199.75 ETH, with current holdings valued at over $28.61 million and an average entry price of $4,128.15. This adds to the whale’s history of profitable large-scale ETH trades and strategic sell orders between $4,190 and $5,555.5.

Terms & Concepts
  • On-chain Analysis: The process of examining blockchain transaction data to understand behavior, holdings, and market actions of cryptocurrency participants.
  • ETH Whale: An Ethereum holder with a large amount of ETH, whose trades can significantly impact market prices.
  • Short Position: A trading strategy where an investor sells an asset they do not own, aiming to buy it back later at a lower price for profit.