🚨 Whale-level all-in: Sell 1654 ETH first, then use 7x leverage to go long 11,500 ETH!

Lookonchain just tracked a significant move with a "gambling king" vibe👇

🐋 Whale address 0x76AB's operation chain:

1️⃣ Selling spot ETH

• Sold 1654 ETH

• Received 5.49 million USDC

2️⃣ Deposited all USDC into Hyperliquid

3️⃣ Directly opened a 7x leveraged long position

• Corresponding position: 11,543 ETH

• Notional value ≈ 38.4 million USD

• Liquidation price: $2907.6

In other words:

This whale first dumped the spot,

Then took all the money to go 7x long on ETH,

A typical operation of "clearing spot, increasing position, enhancing flexibility."

📌 What does this represent?

• This is a very high certainty signal: the whale is extremely bullish on the mid-term trend of ETH.

• But it is also a very high-risk gamble, with the liquidation price not far from the current price.

• It indicates that large funds are willing to amplify profits amidst volatility rather than hold spot steadily.

⚠️ Risk point

Liquidation price $2907.6

→ If ETH experiences significant daily volatility again, this position may face liquidation pressure.

📝 One-sentence summary

This is a typical whale-style gamble:

"No spot, leverage, and a faster way to amplify profits."

The upcoming volatility of ETH may further be amplified by this large position.