A Whale Goes Short on ETH with 50x Leverage, Position Worth $53.8 Million

BlockBeats News, December 24th, according to LookIntoChain monitoring, a whale has shorted ETH with 50x leverage on Hyperliquid, with a total position value of $53.8 million (about 15,339.5 ETH). Currently, the unrealized loss is $1.2 million, with the entry price at $3,429.45. If ETH reaches $4,843.9, a liquidation event will occur, resulting in a loss of $20 million.