A significant leveraged position, signaling strong institutional confidence in Ethereum (ETH), has been initiated on the Hyperliquid derivatives platform.
The trade involves 2,638.71 ETH (~$6.7 million) opened with 25x leverage. The position was entered at an approximate price of $2,545.74 per ETH.
Smart money participants utilizing Hyperliquid have demonstrated notable profitability, achieving cumulative realized gains totaling $15.92 million. Recent performance remains strong, with $7.62 million in profits captured just within the past week.
This sizable leveraged bet highlights institutional traders’ expectation of near-term upside potential for Ethereum’s price.