HL Whale’s 20x leverage ETH position worth $30.06 million

A Hyperliquid whale holds a $30.06M 20x ETH long position with an $80k floating loss and $1,196 liquidation price. Recent $5M ETH deposits to exchanges signal potential sell pressure.

The Hyperliquid whale holds an ETH position with 20x leverage, valued at $30.06 million. The entry price was $1,918.38, while the current marked price is $1,913.50, resulting in a floating loss of $80,000. Since the entry price is higher than the marked price, this long position is exposed to downward risks, with a liquidation price of $1,196.96. Recent news: The whale transferred $5.0 million worth of ETH to the exchange, triggering a sell pressure alert.