Hyperliquid Trader Closes $100 Million Ether Short at $260,000 Loss, Opens $13.4 Million Bitcoin Long
A trader on Hyperliquid closed a 23x leveraged Ether short worth more than $100 million at a roughly $260,000 loss, then reversed course and opened a 20x leveraged Bitcoin long on 175.04 BTC valued at about $13.43 million. The Ether position had been built on 47,604 ETH, or about $100.33 million.
Earlier tracking showed the short nearing its liquidation price of about $2,150, with possible losses approaching $1 million before the position was exited. The trade was first highlighted at $79.7 million with a liquidation price of $2,169.03 before later tracking put it above $100 million.
From the sources (4 posts)
@cointelegraph🐋 JUST IN: A trader on Hyperliquid opened a $79.7 million 23x leveraged $ETH short position with a liquidation price of $2,169.03.
@coinmarketcapLATEST: 📊 A crypto whale faces roughly $1M in possible losses as its $100M Ethereum short on Hyperliquid nears a $2,150 liquidation price, according to Hypurrscan.
@lookonchainThe gambler who opened a huge $ETH short worth over $100M yesterday has closed it at a $260K loss. He then flipped long on $BTC, opening a 20x long on 175.04 $BTC ($13.43M).
@bpaynewsJUST IN: A whale dumped an ETH short (>$100M) and flipped to BTC, opening a 175.04 BTC long (~$13.43M) after a ~$260k liquidation. Could signal a rotation into BTC from alt exposure. $BTC $ETH