A Whale Goes 25x Short on ETH, Holding a Position Worth $12.43 Million

BlockBeats News, July 11th, according to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid and opened a 6914 ETH short position with 25x leverage ($12.43 million). The position was opened at $1790.36, liquidation price is $1825.58, currently unrealized loss is about $50,700, down 1.55% from the liquidation price.