Trader Opens $9.8M Ethereum Long Position on Hyperliquid with 10x Leverage

A whale on decentralized derivatives platform Hyperliquid deposited an additional 234,900 USDC to enlarge his existing 25x leveraged Ethereum long. The position now totals 3,725 ETH valued at $11.56 million, carries a floating profit of $142,000, and has a liquidation price set at $2,981. This expansion exemplifies high-risk trading behavior within the crypto derivatives market.

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