ETH: 1011 Insider Whale Goes Long 9,010.4 ETH with 5x Leverage on Hyperliquid at $2,959.40

As reported by COINOTAG News on December 7, on-chain data tracked by Onchain Lens shows the 1011 Insider Whale again moving sizeable capital into the derivatives arena. The entity deposited USDC 10 million into Hyperliquid and established a long ETH position of 9,010.4 ETH—roughly $26.8 million—using 5x leverage. The entry price was registered at $2,959.40, with a referenced liquidation trigger near $1,888.20.

Such activity underscores persistent risk-on sentiment and liquidity provisioning across venues. Traders should monitor price action around the cited levels and assess the potential for rapid unwind should market conditions deteriorate. This move, while notable, reflects documented on-chain behavior rather than speculation, and aligns with recent observations of largeholders targeting leveraged ETH exposure through centralized liquidity pools.