After Bitcoin quickly broke through the important $100,000 mark, it has been oscillating in the $101,000-$105,000 range over the past week, with intense competition between bulls and bears, and no clear direction yet. In this context, some "whales" have been using Hyperliquid for high-leverage trading, and the following will quickly show you their decisions.
Whale Attack: High-Leverage Feast on Hyperliquid
According to on-chain analyst Ember's data this morning:
X Account @JamesWynnReal (wallet address: 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6)
Currently long 3,788.7 BTC with 40x leverage, with a position value of $391 million. Entry price $103,083, liquidation price $96,474. He said on X 6 hours ago that BTC at $100,000 is cheap.
Wallet address: 0xcddf90930aa49231d55538f8f2dac97a562e5f6b
Short 41,851 ETH with 25x leverage, with a position value of $103 million. Entry price $2,514, liquidation price $2,525.
Wallet address: 0x225864ad63ba66272cd6be3e65476a2eba48c215
Short 28,248 ETH with 20x leverage, with a position value of $70 million. Entry price $2,561, liquidation price $2,694.
Looking at these three whales' positions, they seem to be bullish on Bitcoin and bearish on Ethereum. If the market moves in line with the whales' bets, their profits will expand quickly; however, if the market moves in the opposite direction, high-leverage positions face extremely high liquidation risks.
With massive whale position sizes, forced liquidation could trigger a large number of buy or sell orders in a short time, potentially causing a "chain reaction" that further drives prices in the opposite direction, thus intensifying market volatility. Reminder: Please carefully determine position size and leverage multiple based on your own capital and risk tolerance to avoid excessive leverage.
ETH Key Resistance and Support Zones
Compared to Bitcoin, Ethereum's recent price movement has been more dramatic, briefly breaking through $2,700 earlier this week, currently trading at $2,476, with ongoing tug-of-war between bulls and bears.
Analyst Crypto Patel believes Ethereum is currently in a price adjustment phase and suggests ETH might drop below $2,000 before rebounding to higher levels. According to Patel's analysis, ETH price could fall to $1,800, becoming a primary buying area, especially for institutional holders.
If Ethereum can quickly rebound from this support level, Patel predicts its price could rise to between $4,000 and $5,000 in the future.
