After a whale liquidated its ETH holdings for a profit of $11.6 million, it shorted BTC and ETH on Hyperliquid, resulting in a $4 million loss.

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Cointime2025/10/05 12:15

By:Cointime

according to on-chain analyst Yu Jin's monitoring, a whale cleared ETH at a price of $4,221 two weeks ago, making a profit of $11.6 million, leading to an increase in the market. In the past two days, it opened a short position worth $137 million on Hyperliquid, currently at a loss of $4 million.

After closing the short position in June, the whale bought 6,037 ETH spot at a price of $2,299. On September 22, it cleared the ETH bought in June at a price of $4,221, making a profit of $11.6 million.

After selling ETH, the market continued to rise. In the past two days, the whale has shorted $137 million worth of BTC and ETH on Hyperliquid, currently at a loss of $4 million. Shorting 800 BTC at 40x leverage, worth $100 million, with an opening price of $120,892 and a liquidation price of $129,848; shorting 8,000 ETH at 20x leverage, worth $37 million, with an opening price of $4,502 and a liquidation price of $5,109.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Coinbase believes that a weaker US dollar, increased global liquidity, and the Federal Reserve's cautious rate-cutting policy will benefit the cryptocurrency market, with BTC potentially leading gains until November. The government shutdown has caused delays in economic data, making markets rely on private indicators and strengthening expectations for a dovish Fed. Once the liquidity gap factors subside, this could drive prices higher. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved.

MarsBit•2025/10/05 12:54