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
$ETH
$2958.25
+0.29%
$USDC
$0.9988
-0.07%
$HYPE
$46.333
+5.74%
Latest News
- Bitcoin Could Potentially Reach $300,000 by Christmas Amid Macro Shifts and ETF Inflows, Analyst Suggests2025-07-11 23:35:16
- XRP Nears $3 Amid ETF Speculation and Ripple Legal Developments Suggesting Potential Market Gains2025-07-11 22:51:17
- Bitcoin Surges to New Highs Amid Market Optimism, Boosting Crypto-Focused Stocks and ETFs2025-07-11 22:15:33
- Trump May Consider Pardons for Binance’s CZ and Other Crypto Figures Amid Legal Challenges2025-07-11 22:12:57
- Tether May Phase Out USDT Support on Five Legacy Blockchains to Focus on Scalable Networks2025-07-11 21:39:09