Massive ETH Shorts Totaling Over $143M Triggered by Top Traders on Hyperliquid
2025-07-11 16:31:06
Main Idea
Large leveraged short positions in Ethereum, totaling over $143 million, were initiated by top traders on July 12, indicating heightened market volatility.
Key Points
1. Wallet 0x8c58 deposited 3.74 million USDC into Hyperliquid and opened a short position of 18,394 ETH with 15x leverage, valued at $54.3 million.
2. Wallet 0x2258 deposited 3.25 million USDC and shorted 16,219 ETH with 25x leverage, amounting to a $48 million exposure.
3. Wallet 0xec4b established a short position of 13,845 ETH at 15x leverage, totaling $41.07 million.
4. These large-scale leveraged shorts highlight significant market volatility ahead.
Description
On July 12, blockchain analytics platform Lookonchain reported significant leveraged short positions in the Ethereum market. Wallet 0x8c58 injected 3.74 million USDC into Hyperliquid and initiated a short position of
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