$120 million principal, 10x leveraged long on ETH, ancient whale trapped, floating loss of $4.2 million
This whale is no ordinary person; back in the day, he spent $95 million to buy BTC on Binance and HTX, holding on for 7 years without wavering. Finally unable to resist, seeing a profit of $1.12 billion, he chose to swap BTC for ETH.
Yesterday, this brother sold 3,100 BTC, first buying $213 million worth of Ethereum spot, then rushed to Hyperliquid, depositing $120 million, and directly went in with 10x leverage to long Ethereum, going all in.
🥶 Getting carried away, once the gambling instinct kicks in, one can't hold back.
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This brother directly brought BTC as collateral and deposited into 3 accounts, going all in!
🏹 Ethereum never disappoints when it comes to disappointing people; sure enough, he got trapped as soon as he entered.
4 accounts, purchase prices are: 4333, 4325, 4296, 4277
4 accounts, liquidation prices are: 3486, 3513, 1429, 3611
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🔸 The whale still has too much money; using 10% of $1.2 billion to play a contract seems reasonable, truly impressive.
🔹 The casino never lacks funds; what it lacks is the opposing players willing to bet. I worry he might expose his positions and be jointly targeted by Wall Street because your liquidation prices are all written on your face.
🔸 Moreover, 10x leverage really is risky; with a liquidation price of 3611, Ethereum could easily reach that after a few fluctuations by the end of the month.
It's destined to be a grand performance, with the outcome uncertain; we retail investors are just watching the show, waiting to see the conclusion, who is the hunter and who is the prey.
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*Attachments: Whale account addresses
https://hypurrscan.io/address/0x3f7bAC9E92818eD337685f55dFb627eF48C28027
https://hypurrscan.io/address/0x952044Eb3C860B00778EA414670a6C8C22f84ac6
https://hypurrscan.io/address/0xcc0c740445Ece706A625a07a0aB771B517dEe969
https://hypurrscan.io/address/0x2eA18c23F72a4b6172c55B411823cdc5335923F4
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✅ Speculation
Will the whale long on ETH make a big profit or a big loss by the end of the month?
Let's watch, it's fun.
