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Give it a bit more movement and this could either turn into a sharp win… or yes, another one of those “why didn’t they just wait” moments. this one’s already starting to feel heavy.
Ethereum pushes back above $2,100, and almost right on cue, a fresh wallet (0xc9c3…) steps in like it knows something. Drops in $3.98M worth of USD Coin to Hyperliquid… and goes straight for a 20x short. Size? 9,525 ETH. Around $20M.
That’s not a test trade. That’s conviction.
But the timing… yeah, not great so far. Market keeps pushing up, and just like that, the position’s already sitting ~$313K LOSS. In a few hours. Leverage cuts both ways, and at 20x, it doesn’t take muchjust a small drift upward and suddenly you’re on the edge, watching the margin get thinner.
Address, if you’re watching how this plays out:
0xc9c3bea6f02f0de2db74cfbceb9f5cd072b2dbde