Data: A certain whale address sold approximately $5.5 million worth of ETH spot and switched to 7x leveraged long positions on ETH.
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ChainCatcher news, according to monitoring by Lookonchain, the whale address 0x76AB switched to leveraged long positions on ETH after selling ETH spot. The specific operations are as follows:
1. Sold 1,654 ETH, receiving 5.49 million USDC;
2. Deposited the obtained USDC into the Hyperliquid platform;
3. Opened a 7x leveraged long position, corresponding to 11,543 ETH (worth approximately 38.4 million USD). The liquidation price for this leveraged position is $2,907.6.
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