The big guy shorted $ETH at 50 times, and the floating profit soared to 62.4 million dollars! Is this going to lead the air force?
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The latest data at 11 o'clock today, a fierce man on Hyperliquid shorted ETH with 50 times leverage, and the floating profit on the books has reached 62.4 million US dollars. This wave of operations is amazing. Bitcoin fell below 85,000 and ETH followed the plunge. This whale caught the tail of the market panic.
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What's going on behind it? Yesterday, the US spot Bitcoin ETF had a net outflow of 757 million dollars, and the market value of BTC fell out of the top ten in the world. ETH also failed to withstand the pressure. Coupled with the chaos of North Korean hacker AI (OpenAI just blocked a batch of accounts), the market sentiment is like a roller coaster.
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My opinion: This whale bet on the short-term decline, but if ETH falls below $2,300, it may attract bargain hunting funds, and there is a chance to rebound to $2,800. In the long run, regulation and ETF flows are still the wind vane. Although short selling is fun, the risks are also terrifying.
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Do you think this whale will take profit and run away, or continue to gamble? Come and talk!
