High-Stakes $100M ETH Short Position on Hyperliquid
- Wallet address 0x50b3 has opened a $100.33 million short position on Ethereum (ETH) using a leverage of 23x.
- The position is set to liquidate if ETH’s price reaches $2,149.84, which is less than a 2% increase from the entry price of approximately $2,109.
- Hyperliquid processed over $176 billion in trading volume over the past month, with significant nine-figure leveraged bets observed.
- The platform’s revenue for the past year exceeded $896 million, highlighting its growing use by institutional players.
With Ethereum trading between $2,050 and $2,150 throughout May, the high leverage used by wallet 0x50b3 leaves little room for error before potential liquidation occurs at just a slight price increase.
This aggressive position underscores the increased appetite for high-stakes leveraged trading on platforms like Hyperliquid, where large-scale trades are becoming more common amidst substantial market activity. (Source)
