Whale Takes Risky Bet: Loses $12M in a Month

A whale just opened a $10M $ETH long position on Hyperliquid. Currently, they’re only $40K in profit, but with the liquidation level dangerously close, just a $50 price drop from their entry could result in a liquidation.

🔹 Over the past month, this whale has incurred a $12M loss.

Why is this whale taking such a significant risk?

Is this a strategic move, or are they caught in a high-risk gamble? The market conditions and their decision to hold such a large position raise some interesting questions.

What do you think? Will this whale be able to turn things around, or is this a sign of a risky strategy backfiring?

#WhaleMovements #ETH #CryptoMarket #TradingInsights