Trader ‘Machi’ Faces Potential Liquidation on 835.2 ETH Longs
A major Ethereum trader exited large long positions after weeks of unrealized gains, pivoting to substantial shorts amid market shifts on Hyperliquid.
ETH
HYPE
Summary
An Ethereum whale closed out $20.4 million in long positions at a loss after holding $71.75 million worth of ETH longs for 34 days, during which unrealized gains peaked at $6 million. The trader then established $62.45 million worth of ETH short positions at $3,337. Hyperliquid’s largest short holder currently has $17 million in unrealized profit from $170 million in ETH shorts opened at $3,530.
Terms & Concepts
- ETH Long Position: A leveraged trade betting on Ethereum price increases, where the trader profits if the asset’s value rises.
- ETH Short Position: A leveraged trade betting on Ethereum price decreases, where the trader profits if the asset’s value falls.