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A whale address sold approximately $5.5 million worth of ETH spot, then switched to full leveraged 7x ETH long position

56 minutes ago

On December 10, per LookOnChain monitoring, whale address 0x76AB switched to leveraged long positions on ETH after selling its spot ETH holdings. Key operations: - Sold 1,654 ETH, netting 5.49 million USDC; - Deposited the proceeds into the Hyperliquid platform; - Opened a 7x leveraged long position equivalent to 11,543 ETH (valued at ~$38.4 million). The liquidation price for this leveraged position is $2,907.6.
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