After a whale liquidated its ETH holdings for a profit of $11.6 million, it shorted BTC and ETH on Hyperliquid, resulting in a $4 million loss.
according to on-chain analyst Yu Jin's monitoring, a whale cleared ETH at a price of $4,221 two weeks ago, making a profit of $11.6 million, leading to an increase in the market. In the past two days, it opened a short position worth $137 million on Hyperliquid, currently at a loss of $4 million.
After closing the short position in June, the whale bought 6,037 ETH spot at a price of $2,299. On September 22, it cleared the ETH bought in June at a price of $4,221, making a profit of $11.6 million.
After selling ETH, the market continued to rise. In the past two days, the whale has shorted $137 million worth of BTC and ETH on Hyperliquid, currently at a loss of $4 million. Shorting 800 BTC at 40x leverage, worth $100 million, with an opening price of $120,892 and a liquidation price of $129,848; shorting 8,000 ETH at 20x leverage, worth $37 million, with an opening price of $4,502 and a liquidation price of $5,109.
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