Ethereum Whale Shorts on Hyperliquid with 50x Leverage, Eyes $16.52M Profit

COINOTAG reports on February 2nd that, as per HypurrScan’s analytics, a notable whale has engaged in an Ethereum short position on Hyperliquid with a staggering 50x leverage. Currently, this position reflects an unrealized profit of approximately $16.52 million. The nature of leveraged trading necessitates close attention to market movements, as a rise in Ethereum’s price to $4,646 would trigger the liquidation of this strategic position. Such activity underscores the importance of understanding risk management in the volatile crypto markets. Investors should remain vigilant, as movements at this scale can influence market sentiment and impact liquidity across platforms.