Whale Boosts 20x ETH Short Position by 4,028.14 ETH Worth Over $10M on July 7

On July 7, data from HyperInsight revealed a significant move by a prominent contract whale, who expanded their 20x leveraged ETH short position by an additional 4,028.14 ETH. This adjustment increased the total position value to approximately $44.8 million, reflecting a substantial commitment in the Ethereum derivatives market. The entry price for this position was recorded at $2,559.57, with a liquidation threshold set at $5,535.70. Currently, the position is showing a floating profit of around $138,274, indicating effective risk management amid market volatility. This development underscores the ongoing strategic positioning by large-scale investors within the crypto futures landscape, highlighting the importance of monitoring leveraged trades for market sentiment insights.