Whale Deposits 3.74M USDC into HyperLiquid to Open $54.95M ETH Short Position at $2,986.18 Entry

2025-07-11 16:02:53

Main Idea

A crypto whale deposited 3.74 million USDC into HyperLiquid to open a $54.95 million leveraged short position on ETH, signaling a strategic bet on market sentiment.

Key Points

1. A whale deposited 3.74 million USDC into HyperLiquid on July 11.

2. The deposit was used to open a 15x leveraged ETH short position with a notional value of $54.95 million.

3. The average entry price for the ETH short position was $2,986.18.

Description

On July 11, data from Onchain Lens revealed a significant market move as a crypto whale injected 3.74 million USDC into the HyperLiquid platform. This capital influx facilitated the opening

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