A Hyperliquid trader opened a long position worth 70 million USD on ETH despite prices dropping below 1,500 USD, depositing 4.52 million USDC at 20X leverage for 47,253 ETH at an opening price of 1,459 USD.
Currently trading around 1,501 USD, the trader sees a profit of approximately 2 million USD. However, should ETH decline to 1,391.85 USD, the position will liquidate, presenting notable risks amid increased market volatility ahead of the U.S. Stock market opening.
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