Whales don open $176M Leveraged ETH Shorts for Hyperliquid
Since July 11, traders don open over $176M for leveraged ETH shorts for Hyperliquid. For July 11, one big whale use 3.25M USDC open 25× short for 11,241 ETH (~$33M) wey get liquidation threshold near $3,135. The next day, three major wallets put additional 15× and 25× shorts on 48,458 ETH (~$143M). These big ETH shorts dey show say bearish sentiment dey grow, market volatility high and risk for quick liquidations dey. Crypto traders suppose dey monitor whale activity, leverage levels and liquidation prices to manage risk for Ethereum derivatives markets.
Bearish
Big big leveraged ETH short wey reach over $176M dey show say Ethereum get strong bearish pressure. Di high leverage (15×–25×) plus di big notional exposure fit cause quick liquidations, wey fit make price fall sharply for short time. Traders fit face strong volatility around key liquidation levels (like $3,135). For long term, if dem unwind these positions, rebound rally fit happen, but di immediate effect dey likely downward. Dis one make di overall price outlook bearish.