An address used 20x leverage to long ETH, with a position value of $33.38 million

ETH3,8%

Odaily Planet Daily reports that, according to Lookonchain monitoring, a newly created address (0x6C85) deposited 12.88 million USDC into Hyperliquid and used 20x leverage to go long on ETH. Currently, this address has opened a long position of 16,270 ETH, valued at 33.38 million USD.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Yesterday, Ethereum spot ETF net inflow was $35.8963 million, maintaining net inflow for 5 consecutive days.

March 17 News: Ethereum spot ETFs recorded a net inflow of $35.89 million yesterday, maintaining net inflows for five consecutive days. Among these, Fidelity ETF FETH stood out with a single-day net inflow of $34.88 million and a historical cumulative net inflow of $241.2 million. BlackRock's Staked ETH ETF ETHB saw a net inflow of $32.39 million, while BlackRock's ETF ETHA experienced net outflows. Total net assets reached $1.363 billion, with a historical cumulative net inflow of $1.1825 billion.

GateNews19m ago

ETH Short-term Decline of 0.86%: Selling Pressure Triggered by Resonance Between Increased Exchange Inflows and Long Liquidations

Between 2026-03-17 03:30 and 03:45 (UTC), ETH experienced significant price volatility with a 15-minute return of -0.86%. The price range was between 2314.41 and 2336.61 USDT, with a fluctuation amplitude of 0.95%. During this period, market attention intensified, trading activity increased significantly, and short-term volatility intensified. The primary driver of this volatility was a large inflow of ETH into a major exchange, creating spot selling pressure and driving trading volume to increase substantially compared to the previous period (trading volume increased 30% to 650,000 ETH). Simultaneously, leveraged long positions in the derivatives market

GateNews51m ago

Matrixport: ETH Cumulative Pullback of 63% This Round, Options Gamma Hedging as Main Driver of Recent Rebound

Ethereum has declined 63% cumulatively in this cycle, reaching a low of $1,837, and is currently testing technical resistance levels. Price recovery is driven by options flow and gamma hedging, while fundamentals have not shown significant changes. ETF demand is recovering, but derivatives positioning continues to influence price action. Ethereum's movement has decoupled from traditional assets.

GateNews1h ago
Comment
0/400
No comments