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3 million USDC entered? Whales open ETH high-leverage short positions, liquidation price only at $3380
【BlockBeats】A trader recently made a “big move” on Hyperliquid—after pouring in $3 million USDC, they immediately activated the highest leverage mode.
According to on-chain data, this individual’s operation is quite aggressive: shorted 18,261 ETH (floating value of about $603.2 million), and also shorted 1,845 XMR (about $1.27 million).
The most explosive part is that the liquidation price for the ETH position is set at $3,380—meaning if ETH rebounds to that price, this huge position will be liquidated. Considering the current market volatility, this risk exposure is quite significant.
Such high-leverage bets are played out on the chain every day, with successful traders gaining fame and fortune, while many others suffer losses. From the data, it’s clear that this trader is betting that ETH will continue to decline in the short term—but the market is always full of surprises.