TechFlow news: On May 29, on-chain analyst Ember (@EmberCN) reported that a whale on Hyperliquid opened a long position of 12,900 ETH (approximately $26.1 million) at an average price of $2,011.7 with 25x leverage. The liquidation price stands at $1,967.1—just $45 below the entry price—indicating an extremely high-risk position. Notably, this same whale previously borrowed $50 million USDT from Spark after ETH dropped below $2,000 to purchase 20,000 ETH (approximately $40.2 million). This whale is the identical address that deployed $500 million to accumulate BTC and ETH in early February. Last month, the whale transferred all 4,000 cbBTC tokens to Coinbase at an average price of $75,181—generating a profit of approximately $5.37 million relative to its average acquisition cost of $73,837.
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