TechFlow news, December 16 — According to on-chain analyst Onchain Lens (@OnchainLens), an Ethereum whale suffered significant losses after two consecutive high-leverage trades and has completely exited the market. The investor first closed a 7x leveraged long ETH position, incurring a loss of $3.34 million. Subsequently, they opened a new ETH position with 8x leverage worth approximately $17 million, which was eventually liquidated at a loss of $1.23 million. The total losses from these two trades reached $4.86 million, and the investor has since withdrawn all remaining funds from the HyperLiquid platform.
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