Whale Suffers $4.46M Unrealized Loss After High-Leverage Short on SILVER

Whale Takes Massive Short on SILVER with 20x Leverage, Faces $4.46M Unrealized Loss

According to on-chain monitoring, a whale account (address 0x61CE) recently placed a high-leverage short trade on SILVER tokens on the Hyperliquid platform, shorting over $45 million worth of SILVER using 20x leverage.

Partial Liquidation Shows Losses

Within just two hours of the trade, the whale closed a position of 60,869 SILVER tokens valued at $6.69 million, realizing a loss of $823,000. This indicates the market moved against the whale’s bet.

Remaining Exposure Still Significant

Despite partially closing the position, the whale still holds a long position of 352,124 SILVER tokens worth approximately $38.74 million, with an unrealized loss of $4.46 million, suggesting increasing risk exposure.

• High-leverage trading involves extreme risks, especially in volatile markets.
• Whale moves reflect market sentiment but do not guarantee profitability.
• Investors should carefully assess risks before making similar trades.