Whale’s Short Position Narrowly Avoids Liquidation, Just “0.2 USD” Away
According to information shared by on-chain analyst Yu Jin, a trader known as the “Four-War ETH 75% Win Rate Whale” holds a short position of 70,000 ETH on Hyperliquid, with a liquidation price set at $3,699.
At around 2 A.M., the price of Ethereum surged to $3,698.8, leaving just 0.2 USD before reaching the liquidation line. If this price point was breached, the whale would have been forced to liquidate 14,000 ETH positions immediately. However, the market ultimately did not break past the liquidation price, allowing the short trader to escape unscathed.
Emergency Margin Call
After narrowly avoiding liquidation, the trader promptly withdrew funds from WhiteBIT to replenish their margin, raising the liquidation price from the original $3,699 to $3,724 to avoid subsequent price fluctuations bringing them back into the risk zone.
At the time of writing, the trader still holds a short position of 70,000 ETH, with an unrealized loss of approximately 3.96 million USD.
