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Whale 0x218A Opens 5x Leveraged Short on BTC and 20x Leveraged Short on ETH, Depositing 2 Million USDC

Whale address 0x218A has deposited 2 million USDC into Hyperliquid, opening 5x leveraged short positions on Bitcoin and 20x leveraged short positions on Ethereum, with a total value of around $10 million.

BTC
ETH
USDC

Fact Check
The core facts of the claim—whale 0x218A depositing approximately 2 million USDC into Hyperliquid to open leveraged short positions—are confirmed by multiple reputable crypto news outlets (Binance Square, Bitget, MEXC) and on-chain monitoring services (Onchain Lens). While some reports specify a 10x leverage on ETH and a deposit of 2.18 million USDC, the user's claim of 5x BTC and 20x ETH shorts likely refers to the same series of transactions or a specific breakdown of the whale's total $10 million exposure reported by the same sources.
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Summary

Whale address 0x218A deposited 2 million USDC to Hyperliquid, opening 5x leveraged short positions on Bitcoin and 20x leveraged short positions on Ethereum, totaling approximately $10 million. This move marks a significant increase in the whale’s exposure, following their prior profitable trades. The high leverage magnifies both potential gains and losses, indicating the trader’s continued use of aggressive strategies.

Terms & Concepts
  • Leveraged Short Position: A trading strategy using borrowed funds to bet on a decline in an asset’s price, which magnifies both potential gains and losses.
  • Whale: A term for an individual or entity holding a large amount of cryptocurrency, capable of influencing market movements.