Silver Plunges 6% Intraday, Breaking Through Long Position Defense Line, Sharp Money Shorts Earn $2.16 Million

BlockBeats News, June 25th, according to Hyperinsight Monitoring, Hyperliquid's Silver (SILVER) contract is currently trading at $56.78, with a 24-hour decline of 6.34% and a trading volume of $263 million, ranking first in the precious metals sector. Due to the gold price falling below $4000 and safe-haven funds flowing back to chip stocks, short sellers have significantly profited.

Among them, Smart Money 0x49e has been shorting silver with 3x leverage at a high of $78.79 since April 29th, with a position of $5.77 million, already accurately profiting $2.16 million (+81%).

The overall whale position in on-chain silver is bearish, with the nominal size of short positions about 1.5 times that of long positions. The average short position entry price is around $65.05, and the current price is already 12.7% below this average.

Long positions, on the other hand, are overall underwater, with an average entry price of around $59.75, about 5% above the current price. The current short position has sufficient margin of safety, with the most recent short liquidation line at $77.18, about 36% above the current price, indicating almost no liquidation pressure on shorts.

Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903

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