Data: A certain whale address sold approximately $5.5 million worth of ETH spot and switched to 7x leveraged long positions on ETH.
ChainCatcher news, according to monitoring by Lookonchain, the whale address 0x76AB switched to leveraged long positions on ETH after selling ETH spot. The specific operations are as follows:
1. Sold 1,654 ETH, receiving 5.49 million USDC;
2. Deposited the obtained USDC into the Hyperliquid platform;
3. Opened a 7x leveraged long position, corresponding to 11,543 ETH (worth approximately 38.4 million USD). The liquidation price for this leveraged position is $2,907.6.
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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