A whale address incurs a $8.44 million daily loss by shorting Ethereum with 18x leverage

BlockBeats2025/07/17 00:22

BlockBeats News, July 17 — According to monitoring by Lookonchain, a whale address starting with 0x2258 proactively closed its 18x leveraged ETH short position on Hyperliquid just before liquidation, as Ethereum surged past $3,300. Despite this, the whale still lost $8.44 million in a single day.

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A whale address incurs a $8.44 million daily loss by shorting Ethereum with 18x leverage

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