According to Lookonchain, newcomer trader 0x916E deposited 4.28 million USDC into Hyperliquid and opened a 25x leveraged long position on ETH, amounting to 44,523 ETH valued at $100.4 million. The liquidation price for this position is set at $2,196, making it highly vulnerable to price swings. This aggressive leverage increases market volatility and potential liquidation events, which could impact ETH price action and trader sentiment across both centralized and decentralized exchanges. Source: Lookonchain (Twitter), hypurrscan.io.

According to Lookonchain, smart trader 0xcB92, who previously realized $5.18 million in profits trading ETH, has initiated a significant short position on Ethereum (ETH), opening a 21,963 ETH ($60.8 million) short one hour ago. The current unrealized profit is $187,000, with a liquidation price set at $2,948. This move from a historically successful trader is drawing attention from the crypto trading community, as large short positions may signal near-term bearish sentiment or anticipated volatility in ETH pricing. Traders should closely monitor ETH price action around the $2,948 support level, as a breach could trigger liquidations and increased volatility. Source: Lookonchain (x.com/lookonchain/status/1932734945056948487)

According to Lookonchain, a trader deposited 3.36 million USDC into Hyperliquid and opened a high-leverage 25x short position on Ethereum, totaling 41,947 ETH (approximately $92 million) with an unrealized profit of $658,000. The position’s liquidation price is set at $2,247.1, which is notably close to recent ETH support levels, suggesting the trader anticipates significant downside movement. This sizable short increases market volatility risk and could trigger cascading liquidations if ETH price approaches the liquidation threshold. Crypto traders should monitor ETH price action closely as such large leveraged positions can impact both spot and derivatives markets. Source: Lookonchain on Twitter, May 9, 2025.