Golden Finance, on-chain data monitoring brings a major piece of news to the market. According to EmberCN’s monitoring, a mysterious investor known as the “whale with a 100% win rate for the third wave of ETH” transferred 5 million USDC to the Hyperliquid platform 20 minutes ago. Subsequently, it promptly launched a large-scale operation with a leverage of 25 times – short selling 21,900 ETH. The value of this position was as high as 61.03 million US dollars, with the opening price set at 2,780 US dollars and the liquidation price set at 2,948 US dollars.
This “Triple Wave ETH100% Win Rate whale” has gained widespread fame for having achieved success in three consecutive wave operations in Ethereum trading in the past, maintaining a 100% win rate. Every trading move it makes has been closely watched by the market. This time, its choice to short Ethereum with high leverage has drawn intense attention and speculation from all market participants. Judging from the opening price and the clearing price, this whale seems to hold a rather pessimistic expectation for the short-term price trend of Ethereum, believing that the price of Ethereum will decline in the near future. A high leverage of 25 times means that if the market trend is as he expects, his returns will be significantly magnified. But conversely, once the price of Ethereum rises and touches the liquidation price, it will also face huge losses and may even lead to a margin call.
Although the Ethereum market has been generally stable recently, it has also experienced some fluctuations. Technically speaking, the price of Ethereum fluctuates within a certain range, and some technical indicators show that the power struggle between bulls and bears is intense. From the perspective of market fundamentals, although the advancement of Ethereum 2.0 is ongoing, the uncertainties during the upgrade process still affect market confidence to a certain extent. In addition, the macro environment of the entire cryptocurrency market, such as changes in global monetary policies and expectations of tightened regulatory policies, may also be important considerations for Jujing in making this short-selling decision.
This short selling operation by the giant Whale is highly likely to have a significant impact on market sentiment. When ordinary investors see this move by the giant whale, they may follow suit and adjust their investment strategies. Some investors might choose to short sell as well, leading to an increase in market selling pressure. Long investors may also become vigilant as a result and reevaluate the investment value and risks of Ethereum. In the short term, the influx of a large number of sell orders may intensify the downward pressure on the price of Ethereum, causing it to fluctuate in the short term. However, from a long-term perspective, the value of Ethereum is determined by multiple factors such as its technological strength and ecosystem development. The short selling operations of the giant whale may only affect the price in the short term and are difficult to change the long-term development trend of Ethereum.
Hyperliquid, as the platform behind this whale transaction, has thus received more attention. This platform is renowned for its efficient trading execution and innovative trading mechanism, attracting a large number of professional investors and institutional users. Jujing’s choice to conduct high-leverage trading on this platform reflects its recognition of the platform’s security, liquidity and trading experience from the side. In the future, as more similar large-scale transactions emerge on the Hyperliquid platform, its influence in the field of cryptocurrency derivatives trading is expected to further increase.
For the participants in the cryptocurrency market, this short selling operation by the giant Whale is undoubtedly a wake-up call. In the cryptocurrency market full of uncertainties, even the whales with glorious records carry risks in their trading decisions. Investors need to always remain rational, closely monitor market dynamics and various information, and at the same time manage risks well, reasonably control positions and leverage ratios, avoid blindly following the trend, and move forward steadily in a complex and volatile market environment.
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