A Whale with a 25x Short Position on ETH Faces Liquidation, Position Valued at $40.7 Million

BlockBeats News, July 16th, according to LookIntoChain monitoring, Whale "0x9626" has shorted ETH with 25x leverage on Hyperliquid and is currently on the verge of liquidation. The whale has partially closed the position and still holds a short position of 12,500 ETH, worth $40.7 million. The current loss is over $2 million, with a liquidation price of $3,279.57.