Whale Opens $128M 15× ETH Short on Hyperliquid
AguilaTrades, a whale trader, opened a massive ETH short position of 30,001 tokens worth $128 million on Hyperliquid, employing 15× leverage. The ETH short boosts profit potential but risks liquidation at $4,383.66. Such large ETH shorts often trigger increased selling pressure and can lead to forced liquidations, causing short-term volatility. Traders should monitor Hyperliquid’s order books and key liquidation thresholds to anticipate potential price swings, as previous high-leverage ETH shorts have amplified market moves and highlighted the sensitivity to whale activity and leverage trends.
Bearish
This whale trader’s $128M 15× ETH short on Hyperliquid underscores a bearish stance on Ethereum. In the short term, the large leveraged ETH short increases selling pressure and heightens the risk of forced liquidations near the $4,383 level, potentially triggering sharp price swings. Historically, unwinding massive ETH shorts has led to temporary rebounds but overall downward momentum. Over the longer term, market impact will depend on macro factors and broader adoption, but for now, significant whale activity and leverage trends point to bearish sentiment for ETH.