$ETH According to PANews (11/5), data from on-chain analyst @EmberCN reveals a whale using 50x leverage on the Hyperliquid exchange just made an impressive profit-taking transaction with ETH:

🚀 Transaction Details:

  • Purchase Date (7/4):

    • Bought 3,715.5 ETH at $1,493.5/ETH (total ~5.5 million USD).

    • Using 50x leverage, the margin was only ~110,000 USD.

  • Selling Time (11/5):

    • Sold 3,724 ETH at $2,502.1/ETH (total ~9.29 million USD).

    • Actual Profit: 3.747 million USD (+67%).

📊 Leverage Effect:

  • With 50x leverage, this whale multiplied profits by 34 times compared to a standard spot transaction.

  • If the ETH price drops 2% from the entry point, the position could be completely liquidated.