ETH Short Squeeze Battle: Whale Bets $5 Million on 50x Leverage Short Position, Currently at a Loss of Over $5 Million!
On January 4th, according to on-chain monitoring, as ETH prices surged, a "Steel Bear" whale increased their bet by depositing $5 million USDC into Hyperliquid, further expanding their 50x leveraged ETH short position. However, as of now, this gambler has incurred a floating loss of up to $5.36 million, with the liquidation price locked in at $4,891.59.
This high-stakes game is the market's focal point—will there be a reversal against the trend, or will it become a terrifying spectacle of forced liquidation? ETH bulls are pressing hard, while bears are mired in trouble, and market sentiment continues to heat up!
⚡ This is not trading; this is life and death! Can the whale turn the tables in a desperate situation, or will the market create another classic short squeeze? Join Jiang to watch the drama and lock in on this peak showdown!
