Significant Loss on 50x Short Position on Ethereum

12/24/2024 3:49:52 PM

According to Lookonchain, a trader has opened a 50x leveraged short position on Ethereum (ETH) using the Hyperliquid platform and is currently facing a loss of $1.2 million. The position was entered at a price of $3,429.45, and the trader risks liquidation if ETH's price reaches $4,843.9. (Source)

Ethereum ETH Liquidation Hyperliquid 50x short

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