Immortals Clash! Two Whales Bet Millions on the Direction of ETH Contracts
On January 20, Lookonchain monitored a multi-million dollar ETH contract bet on the Hyperliquid platform: within the past 2 hours, two whale addresses deposited over 10 million USD each, directly entering a long-short duel mode.
Among them, address 0x4607 chose to short ETH, depositing 3 million USDC and opening a short position of 3,840 ETH (about 11.86 million USD) with 4x leverage, betting on a price decline;
While address 0xB66 chose to go long, depositing 7.38 million USDC and opening a long position of 10,000 ETH (about 30.92 million USD) with 12x leverage, betting on the market continuing to rise.
This high-leverage betting operation directly amplifies the short-term volatility of ETH. A long position with 12x leverage means that as long as the ETH price experiences a slight pullback, that address could face liquidation risk;
While a short position with 4x leverage is relatively stable, it also requires sufficient volatility to be profitable.
For ordinary investors, this whale duel serves as a window to observe market sentiment, but it also harbors risks — the large liquidation actions of whales could trigger violent fluctuations in ETH prices. @阿二说趋势
