Whale Opens $9 Million Leveraged ETH Long and Deposits $5.1 Million to Hyperliquid

A whale address opens a substantial 20x leveraged ETH long position and deposits $5.1 million to Hyperliquid, signaling continued large-scale institutional involvement in the market.

BTC
ETH
SOL

Summary

A whale address starting with 0x61c opened a $9 million 20x leveraged ETH long position at an average of $3,005, with $11 million in buy orders between $2,960 and $2,980. The address also deposited $5.1 million to Hyperliquid and initiated $73.15 million in mixed BTC, ETH, SOL, and AVAX positions.

Terms & Concepts
  • ETH (Ethereum): A decentralized platform that runs smart contracts, with Ether (ETH) as its native cryptocurrency used for transaction fees and computational services.
  • Whale: An individual or entity that holds a large amount of cryptocurrency, capable of influencing market movements.