Big whale open $100M 25× ETH long for Hyperliquid, dem make $800K profit
One crypto whale don put 4.28 million USDC put for open 25× leveraged long on Ethereum through Hyperliquid, dem grab 44,523 ETH at entry price of $2,247. This move push total leveraged long exposure pass $100 million as tensions for Middle East increase. As ETH dey trade around $2,266, the position dey show unrealized gain of about $800,000. The cross-margin trade get liquidation price of $2,196 and funding fees about $2,510, showing say risk controls tight. The same whale also move $40 million worth of ETH comot for Binance, increase im holdings to $112 million. ETH recently drop reach one-month low of $2,113 as 64% of top traders dey net short, even as staked ETH reach all-time high of 35 million. The bold leveraged bet show say e get short-term bullish confidence and fit affect market sentiment among high-net-worth traders.
Bullish
Di whale get strong bullish mind as e get big 25× leveraged long plus unrealized $800K gain on ETH. E move $40 million worth ETH comot for Binance show say e get trust and dey gather more. Even though liquidation risk for $2,196 tight and funding fees dey moderate, this big risk bet during market dip fit bring more buying pressure. Short-term price support dey likely as traders dey follow the whale way, e mean say ETH get good future.