ChainCatcher Message, attention to friends focusing on on-chain data analysis! According to Lookonchain monitoring, the recent rise in ETH prices has triggered market fluctuations, and a giant whale shorting ETH has taken bold action. He deposited 5 million USDC into Hyperliquid to increase his short position. However, this strategy has currently resulted in a floating loss of 5.36 million dollars, with a liquidation price as high as 4,891.59 dollars.

This event has sparked widespread attention in the market regarding the trend of ETH prices. The whale's operation shows the different expectations of market participants regarding price fluctuations and serves as a reminder for investors to remain cautious in market operations. Continue to pay attention to on-chain data and gain insights into market changes to remain invincible amidst volatility.