Whales liquidated while others buy the ETH dip
Leveraged traders on Hyperliquid are taking heavy losses, while on-chain data shows several large wallets accumulating ETH near $1,950.
Confirmed
- On-chain data shows large wallets accumulating ETH near $1,950
- Large wallets bought 63,540 ETH at an average of $1,972
Not yet known
- Unconfirmed: who controls the large wallets buying ETH
- Whether leveraged losses on Hyperliquid will grow
- Whether the Bored Ape sale was made to fund leveraged trades
What we know
On-chain data shows one trader liquidated seven times in 10 hours for 172 BTC ($11.03M) and 2,984 ETH ($5.44M), and another whale's longs are down a combined $26.7M. In contrast, on-chain data shows wallets linked to Erik Voorhees spent $125.27M on 63,540 ETH at an average of $1,972, and 7 Siblings spent $60.88M on 31,484 ETH. One notable trader sold a Bored Ape for 7.3 ETH, a $204K loss, to fund leveraged trades.
Will Ethereum dip to $1,700 in November?
Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $121k traded · updated 09:31 UTC
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Trader 0xc05b got liquidated 7 times in the past 10 hours”
View post →“Wallets linked to @ErikVoorhees spent $125.27M to buy 63,540 $ETH”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.