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The infamous Whale made an early morning massive ETH short, currently holding a $3.86 million position with 25x leverage.

By: theblockbeats.news|2025/07/06 02:51:50

BlockBeats News, July 6th, according to on-chain data, a whale made a smart move this morning on Hyperliquid, switching an ETH long position to a short position. At the time of writing, the address now holds a 25x short position worth $3.86 million, entered at a price of $2518. Furthermore, the whale currently holds only a 40x BTC long position with a value of $6.94 million.

This whale has accumulated $38.42 million in profit on Hyperliquid, with a weekly profit of $664,000.

SOON, BMT, CHESS tokens simultaneously experienced a dive this morning at 1:00 AM, with the largest drop reaching over 37%.

Since March, whales that shorted BTC have increased their positions, with a total position of $80.11 million and a cumulative profit of $13.6 million.