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A whale address sold about $5.5 million in ETH spot and turned to go 7 times long ETH
On December 10, according to Lookonchain monitoring, the whale address 0x76AB switched to using leverage to long ETH after selling ETH spot. The specific operation is as follows: · Sold 1,654 ETH and received 5.49 million USDC; Deposit the resulting USDC into the Hyperliquid platform; Open a long position with 7x leverage, corresponding to 11,543 ETH (worth approximately $38.4 million). The liquidation price for this leveraged position is $2,907.6.