Legendary "50x" Whale Opened Long on Ethereum: Liquidation Price is Very Close Again! - Coin Bulletin

On the Hyperliquid platform, a whale trading with 50x leverage opened a 20x long position worth 32,800 ETH, executing a trade valued at 47.6 million dollars and invested a margin of 3 million USDC.

On the Hyperliquid platform, the legendary whale, who is remembered for his trades with 50x leverage, opened a long position of 32,800 ETH** worth approximately 47.6 million dollars. This was done with a 3 million USDC margin trade made 40 minutes ago.

The whale that has not traded for the last 15 days entered at 1,461.6 USD and opened a 20x leveraged ETH position. The liquidation price of the position was determined to be 1,399 USD. This large transaction came after ETH lost value by 18.15% in the last 24 hours. The price of ETH dropped to 1,459 USD, reaching its lowest level in a year.

The whale is moving quickly with high leverage

The large transaction seen on the Hyperliquid platform indicates that the whale is responding quickly to market movements with high leverage. Such large positions can increase volatility in the market and further affect the price of ETH.

The decline in the price of ETH in the last 24 hours has caused investors to worry. While this decline has pushed ETH to its lowest levels in the past year, it also marks a period when large investors see opportunities to open positions. The outcome of such large investments may affect the overall trend in the market.