Crypto Whale Expands Long Positions to Over $103 Million on HyperLiquid
Whale trader 'gud.hl' shifts strategy with a $1.4M deposit for a 10x ETH short after netting $5.02M profit from a closed position, signaling active high-leverage trading moves.
BTC
ETH
HYPE
Summary
On November 14, whale trader ‘gud.hl’ deposited $1.4 million into HyperLiquid and opened a 10x leveraged Ethereum short worth $6.3 million at an average price of $3,203. This followed the closure of a previous ETH short that generated $5.02 million in profit and a withdrawal of $7.58 million on-chain. The move adds to the trader’s history of aggressive, high-leverage bets on multiple cryptocurrencies, including significant BTC longs and altcoin positions.
Terms & Concepts
- USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with USD.
- HyperLiquid: A cryptocurrency trading platform offering various derivatives and spot market services.
- Leverage: The use of borrowed capital to increase the potential return of an investment, expressed as a multiple such as 25x or 40x.