50x Leverage Bet on Shorting ETH! Whale's Emergency Replenishment, Can They Escape the 'Bullish Strangulation'?
A thrilling 'bet' is unfolding! A certain whale is shorting ETH on Hyperliquid with 50x leverage, with a total position value reaching 53.8 million USD. However, the bullish momentum is overwhelming, and the whale's short position is currently facing a loss of 5.36 million USD. To rescue themselves, this address urgently replenished 5 million USDC in an attempt to raise the average entry price, locking the liquidation price at 4891.59 USD.
But here's the question: Will the bullish force of ETH retreat? From the recent fervent performance in the market, this seems to be a dangerous game against the tide. Leverage is like a double-edged sword; it can help one soar, but it can also lead to a fall. The whale's replenishment, is it the starting point for a magnificent counterattack, or an acceleration into the abyss?
The capital market has never lacked adventurers, but adventurers also never lack stories of failure. Next, will the scales tip, or will there be a chaotic battle between bulls and bears? We shall see.
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