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A whale address 18 times leverage short Ethereum single day loss of $8.44 million

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2025-07-17 00:21:25
According to Lookonchain monitoring, when a whale address starting with 0x2258 rose more than $3,300 in Ethereum, it actively squaring its 18-fold ETH short position on Hyperliquid before being liquidated, and still lost $8.44 million in one day.
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