Significant Loss on 50x Short Position on Ethereum
According to Lookonchain, a trader has opened a 50x leveraged short position on Ethereum (ETH) using the Hyperliquid platform and is currently facing a loss of $1.2 million. The position was entered at a price of $3,429.45, and the trader risks liquidation if ETH's price reaches $4,843.9.
SourceAnalysis
Lookonchain
@lookonchainLooking for smartmoney onchain
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