A whale address sold approximately $5.5 million worth of ETH spot, then switched to full leveraged 7x ETH long position

BlockBeats News, December 10th, according to LookIntoChain monitoring, the whale address 0x76AB, after selling ETH spot, instead turned to leverage long ETH. The specific operation is as follows:

· Sold 1,654 ETH, receiving 5.49 million USDC;

· Deposited the received USDC into the Hyperliquid platform;

· Opened a 7x leveraged long position, corresponding to 11,543 ETH (valued at approximately $38.4 million).

The liquidation price of this leverage position is $2,907.6.