Address Shorts 8,000 ETH on Hyperliquid at 20x Leverage, Now Facing $4.49M Unrealized Loss
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
On-chain analysis from Ai Auntie indicates a single address executed a substantial ETH short using 20x leverage, having funded the position with a 3.2 million USDC deposit to Hyperliquid roughly four hours prior. The trader enlarged the exposure to approximately 8,000 ETH (circa $32.86 million) with an entry price of $3,547.73 and a stated liquidation price near $4,522, per the on-chain record.
The position currently reflects an unrealized loss of about $4.49 million, while the same wallet has accrued roughly $1.69 million in realized gains from funding fees due to the extended holding period. These figures are drawn from observable on-chain metrics and exchange-level data.
Given the concentrated size and elevated leverage, market participants should monitor liquidation thresholds and prevailing funding rates closely to assess counterparty risk and potential market impact; no forecasts or unverified projections are offered here.