Whale Deposits 3.74M USDC into HyperLiquid to Open $54.95M ETH Short Position at $2,986.18 Entry

On July 11, data from Onchain Lens revealed a significant market move as a crypto whale injected 3.74 million USDC into the HyperLiquid platform. This capital influx facilitated the opening of a highly leveraged ETH short position at 15x leverage. The position’s notional value reached approximately $54.95 million, with an average entry price set at $2,986.18. Such a sizable leveraged short indicates a strategic bet on Ethereum’s price movement, reflecting sophisticated risk management and market positioning by institutional investors. This transaction underscores the growing influence of large-scale traders in shaping crypto market dynamics and highlights the importance of monitoring on-chain data for timely insights into market sentiment and liquidity flows.