According to blockchain data monitoring, on January 16, a high-leverage investor injected $3 million in USDC into the market through the Hyperliquid platform, initiating extreme leveraged operations.
Details of the Trade Revealed
In this trade, the investor opened the following short positions:
- Approximately 18,261 ETH (valued at around $60.32 million)
- Approximately 1,845 XMR (valued at around $1.27 million)
The liquidation price for Ethereum was set at $3,380, a critical level that could trigger market-wide ripple effects.
Analysts have noted that while such high-leverage strategies can amplify potential gains, they come with extremely high risk. Sharp price fluctuations could lead to rapid liquidation.