A whale address shorted Ethereum with 18 times leverage, resulting in a daily loss of $8.44 million

律动BlockBeats
律动BlockBeats|Jul 17, 2025 00:18
According to BlockBeats, on July 17th, according to Lookonchain monitoring, a whale address starting with 0x2258 voluntarily closed its 18 times ETH short position on Hyperliquid before being liquidated, when Ethereum rose by over $3300. It still lost $8.44 million in one day.
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