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A Whale Address Shorted Ethereum with 18x Leverage, Losing $8.44 Million in a Single Day

By: theblockbeats.news|2025/07/17 00:31:46

BlockBeats News, July 17th, according to LookIntoChain monitoring, a whale address starting with 0x2258 actively closed out its 18x ETH short position on Hyperliquid before being liquidated as Ethereum surged over $3,300, still losing $8.44 million within a day.

James Wynn has closed his 40x leveraged long position on BTC and opened a short position in reverse.

Base launches Flashblocks to reduce effective block time from 2 seconds to 200 milliseconds