🚨Ethereum whale could lose $26 million as leverage signals a danger zone!
📍In short
🔸A 20× short ETH loss for whale 0x8c58 is approaching $26 million, facing liquidation if the price of Ethereum reaches $5,002.3, which is now only 7% away.
🔸Numerous USDC margin injections since July have only delayed liquidation as Ethereum's rise towards $5,000 accelerates.
🔸The case reflects significant liquidation events of leveraged positions, highlighting the risks of aggressive margin trading on decentralized exchanges like Hyperliquid.