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Whale hedging ETH trend: one side 12x long, the other 4x short
【CryptoWorld】On-chain data shows that whales have been active recently. One large whale wallet (address 0xfB6) transferred $6.39 million USDC to HyperLiquid, then immediately opened a $31.18 million ETH long position with a leverage of 12x — a quite aggressive bullish stance. Almost simultaneously, another whale wallet (address 0x460) also took action, injecting $3 million USDC, but took the opposite route by opening a $11.96 million ETH short position with 4x leverage. From these two transactions, it is clear that there is a significant divergence in whales’ views on ETH’s future — some are heavily bullish, while others are betting on a decline. Market sentiment appears particularly complex amid these large traders’ hedging activities.