2026-01-16 02:26:11

On-chain monitoring shows that on January 16 (UTC+8), a large transaction drew attention: a top whale account transferred 3 million USDC to Hyperliquid within 3 hours.

Even more aggressive, this fund was then used for an ultra-large short position—18,260 ETH, with a leverage of 25x, equivalent to approximately $60.56 million USD. From the numbers, this is a bet on ETH price decline.

But there's a problem. When the entry price was $3,292, everything was fine, but now ETH has jumped to $3,316—meaning the position is already floating at a loss of $440,000. What's most heartbreaking? The liquidation price is only $3,380, just $60 away from the current price. This means that as long as ETH rises by less than 2%, this ultra-high leverage position will be forcibly liquidated.

Huge funds + 25x leverage + narrow liquidation price—this combination often tells a story: what happens when gambler psychology meets market reality.

ETH4,1%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
6
Repost
Share

Comment

0/400

ser_we_are_early

· 01-18 09:39

Oh no, another warrior, playing with 25x leverage? Even whales sometimes misjudge the market, but this time they’re probably going to suffer a big loss. A 3 million entry short position, but got slapped in the face; the liquidation price is right in front of their eyes. It’s really exhausting. This is the magic of leverage—profitable when you win, but truly despairing when you lose... Still $60 away? Ha, this guy might not be able to sleep. I think, sooner or later, this kind of extreme operation will make the news. If it gets liquidated, that 3 million is gone. Just thinking about it is terrifying. Whales can’t handle playing like this either; the market is always right.

View OriginalReply0

not_your_keys

· 01-18 06:06

Oops, playing with 25x leverage and getting liquidated at just $60 is really risking your life. --- Even whales make mistakes, and this time it looks like the market is going to teach them a lesson. --- $60 away, that's hilarious. Basically, it's just waiting to die. --- Over 60 million betting on a 2% increase, I really don't understand this kind of strategy. --- Wake up, this isn't trading, it's gambling. Are you really going to put 3 million USDC on a short? --- The position only gained $24, and already there's a floating loss of 440,000. The liquidation came way too fast. --- Leverage of 25x is just a money-printing machine for whales, no escape. --- So the question is, is he really bearish or just gambling on luck? --- Narrow liquidation price combined with ultra-high leverage—this combo is basically asking Death if he wants to cooperate. --- By the way, what's the current status of this order? It should be screaming by now, right?

View OriginalReply0

GweiObserver

· 01-16 02:50

25x leverage, this guy is really gambling with his life ETH only rose 2% and it exploded? The liquidation price is way too close This is a typical "I'll just take a gamble," and the market teaches a harsh lesson Even whales have their failures, 3 million USDC overnight back to zero This person must be breaking down, 25x leverage is truly a death wish Seeing a floating loss of 440,000 and constantly worrying about liquidation, how much pressure is that I just want to know if this guy can still sleep peacefully now High leverage always bites back, no exceptions It’s definitely another story of "I’m smarter than the market," and the ending is always the same This is the cost of leverage—money comes quickly, and losses even faster

View OriginalReply0

DeFi_Dad_Jokes

· 01-16 02:47

Another typical scenario, daring to open such a large position with 25x leverage? You're bound to be taught a lesson by the market sooner or later. This whale brother probably wants to replicate the story from 2018. Getting liquidated at $60, playing at such extremes? Truly bold. Betting 60 million USD on a decline, then reversing the position—laugh out loud. Liquidation right in front of your eyes, is this what you call risk management? Putting in 3 million USDC, might have to exit at zero. Opening a short with 25x leverage—if you're not a gambler, what are you? I've never seen anyone so reckless; watching him makes me anxious.

View OriginalReply0

ForkThisDAO

· 01-16 02:29

Using 25x leverage with such a narrow liquidation line is just ridiculous. This whale really treats the crypto world like a casino. If ETH makes a small rebound, it will explode immediately.

View OriginalReply0