TechFlow news, July 2 — according to on-chain analyst Spot On Chain (@spotonchain), the whale address "0xFa5" has just deposited $15.66 million in USDC into Hyperliquid to short Ethereum with 10x leverage. Earlier today, this address incurred a loss of $3.56 million on its long Ethereum position.
Current Ethereum position details for this address:
Position size: 28,679 ETH (approximately $70.1 million);
Average entry price: $2,443.92;
Liquidation price: $2,930.62;
Unrealized loss: $17,900.




