Whale’s Strategic Moves in the Market Cause Major Shifts, Leaving Hyperliquidity Provider With Losses
A handler that has large amounts of resources concentrated in an account has been doing some trading, and it's stirred up some activity in the crypto market. This account has opened a long position on Ethereum with 50 times leverage, meaning that for every 1 Ethereum it times by 50, which is causing some ripples across the crypto market. For this handler had a good day and walked away from the whole shebang with some profits; they turned around and made the same trading move on USD Coin but haven't quite finished that story. Because of this handler's moves, Hyperliquidity Provider—an account that not only provides liquidity to the market but also handles a fair amount of arbitrage trades—has taken some noticeable losses. Whale’s Bold Positioning with $ETH Leverage and Market Impact Today, the whale initiated by establishing a large […]