Hyperliquid Whale Returns with Long ETH Position Amidst Market Volatility

A prominent crypto whale, known for their aggressive shorting tactics on Ethereum (ETH), is back with a new leveraged long position. This time, they’ve entered the market with a 20X leverage, betting that the recent price crash may be nearing its bottom. This risky move comes after a previous unsuccessful attempt to short ETH, which saw them facing a significant liquidation of $520M worth of positions. ]