A whale address sold about $5.5 million in ETH spot and turned to go 7 times long ETH

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On December 10, according to Lookonchain monitoring, the whale address 0x76AB switched to using leverage to long ETH after selling ETH spot. The specific operation is as follows: · Sold 1,654 ETH and received 5.49 million USDC; Deposit the resulting USDC into the Hyperliquid platform; Open a long position with 7x leverage, corresponding to 11,543 ETH (worth approximately $38.4 million). The liquidation price for this leveraged position is $2,907.6.

ETH0.13%
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