According to @OnchainLens, a newly created wallet withdrew 2M USDC from Binance, indicating a large capital move into derivatives risk (source: @OnchainLens on X, 2025-08-31, https://twitter.com/OnchainLens/status/1962150334291497148). The wallet deposited 1M USDC to HyperLiquid to open a 25x leveraged short on ETH, which implies approximately 25M notional short exposure based on the reported margin and leverage (source: @OnchainLens on X, 2025-08-31, https://twitter.com/OnchainLens/status/1962150334291497148). The wallet still holds 1M USDC on-chain, and @OnchainLens notes it may be used to add margin or increase the short position, making further scalability a near-term factor to watch for ETH perps liquidity (source: @OnchainLens on X, 2025-08-31, https://twitter.com/OnchainLens/status/1962150334291497148).

According to @OnchainLens, a whale deposited $3M USDC into HyperLiquid and opened an XPL short position with 1x leverage, highlighting a large account taking the short side on XPL. Source: @OnchainLens. The source did not disclose the exact short notional or entry price, only that the leverage is 1x. Source: @OnchainLens.

According to @OnchainLens, HyperliquidX launched WLFI perpetual trading yesterday, and wallet 0x9cb, known as AndreIsBack on DeBank VIP, opened a 3x leveraged short on WLFI that was showing about $640,000 in floating profit at the time of reporting (source: @OnchainLens). Based on this snapshot, short-side positions were in profit, indicating WLFI traded below the whale’s entry during early perps activity and signaling near-term downside pressure from larger players at that moment (source: @OnchainLens). @OnchainLens also noted that some participants are making money while others are losing, underscoring elevated volatility and directional risk around the WLFI-Perp launch on HyperliquidX (source: @OnchainLens).

According to @lookonchain, a whale created new wallet 0x54D7 and deposited 5.42M USDC into Hyperliquid to initiate short positions in ETH, WLFI, and XPL. The wallet is currently short 10,641 ETH (~$51.2M), 396,711 WLFI (~$116.8K), and 53,793 XPL (~$29.3K), source: @lookonchain. The largest notional exposure is the ETH short at $51.2M, indicating the position concentration is in ETH, source: @lookonchain.

According to Lookonchain, AguilaTrades shorted 21,050 ETH worth about $99.6M and realized an additional $416K loss, and over the past 20 hours executed 7 ETH long and short trades with a 0% win rate for $1.95M total losses, source: Lookonchain. For traders, the fact that both long and short attempts by the same account lost within a short window underscores challenging intraday conditions and elevated execution risk in ETH derivatives, source: Lookonchain.

According to @EmberCN, ETH broke above $4,000 after the U.S. equity market open, and the intraday high on OKX reached $4,013. Source: @EmberCN on X, Aug 8, 2025, tweet: https://twitter.com/EmberCN/status/1953819904140075444. According to @EmberCN, a whale trader with a 75% win rate currently holds an ETH short with a liquidation price at $4,016, placing the position on the verge of liquidation. Source: @EmberCN on X, Aug 8, 2025; position-watch links: https://t.co/Q1Q3p7ofzV, https://t.co/zCxmGGZPdw. According to @EmberCN, the proximity between the OKX high at $4,013 and the liquidation level at $4,016 defines an immediate trigger zone that traders are monitoring for potential forced liquidations if price ticks higher. Source: @EmberCN on X, Aug 8, 2025.