A newly created wallet deposited $4.89 million into HyperLiquid to open an ETH short position with 20x leverage

GateNews

2026-03-31 01:16:21

ETH0,58%

Gate News message, March 31, Onchain Lens monitoring: a newly created wallet deposited $4.89 million today into the decentralized derivatives platform HyperLiquid and opened an ETH short position with 20x leverage. The wallet’s holdings total 9,887 ETH, worth approximately $20 million, with an opening average price of $2021.63 and a liquidation price of $2466.02. If the ETH price rebounds to the liquidation price level, this position will face an estimated $4.45 million loss, with roughly a 22% downside.

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