On-chain Analysis Reveals Top Trader’s Short Positions
According to information shared by on-chain analyst Lookonchain, a top trader who has accumulated profits exceeding $15 million on the decentralized trading platform Hyperliquid is currently shorting tokens such as ETH, BTC, AVAX, SOL, and USUAL on the platform. The largest position held is a short position in ETH valued at $7.26 million, with an opening price of $2,435.
Zombit Reports Whale’s Moves on Hyperliquid
On the other hand, Zombit previously reported that a whale, who held a short position worth over $250 million on Hyperliquid, closed their Ethereum short position early yesterday morning, realizing a profit of approximately $1.87 million. However, the whale has since redeployed an Ethereum short position and increased their Bitcoin short position. At the time of writing, the total value of the whale’s BTC, ETH, and SOL short positions has rebounded to $227 million.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …