Hyperliquid A certain whale holds 6416000 units of ENA short positions, with unrealized profit of approximately 2000000 USD
BIBIBI
AT A GLANCE
Monitoring reported that an address used 10 x cross margin leverage to hold approximately 6416000 units of ENA short positions, with unrealized profit of approximately 2000000 USD。
Article
🔍 On-Chain Detective | A Certain Whale 10 x leveraged short ENA, with the return rate reaching 560%BlockBeats reported that October 12, according to monitoring by TradingBeats,Hyperliquid whale address 0x45d2…4029 holds approximately 6416000 units of ENA short positions, with a position value of approximately 1540000 USD, using 10 x cross margin leverage, with an average entry price of approximately 0.552 USD, and current unrealized profit of approximately 2000000 USD, with the position return estimated at approximately 564.5%.
The address had already held September short positions by late ENA. As of publication, the ENA contract mark price was approximately 0.24 USD, about 56.5%below the address’s average entry price.
Original link https://m.theblockbeats.info/flash/371299
Key points
01
BlockBeats stated that October 12, according to TradingBeats monitoring,Hyperliquid address 0x45d2…4029 holds approximately 6416000 units of ENA short positions.
02
The position is valued at approximately 1540000 USD, using 10 x cross margin leverage, with an average entry price of approximately 0.552 USD。
03
The address currently has unrealized profit of approximately 2000000 USD, with the position return estimated at approximately based on the initial leverage 564.5%。
04
The address had already, by September late, held ENA short positions.
05
As of publication,ENA the contract mark price was approximately 0.24 USD, about lower than the address’s average entry price by 56.5%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position may profit when prices decline. The material states that the address shorted 0.552 USD at an average price of approximately ENA, while the mark price was approximately 0.24 USD as of publication, so the position was in unrealized profit. “Unrealized profit” means the position has not been closed and the gain has not been finally realized; “10 x cross margin leverage” means the position used relatively high leverage and the cross margin mode.
Why it matters to readers
The position is relatively large, and the reported unrealized profit and estimated return are substantial. It can be used to observe the address’s bet on a decline in the price of ENA and subsequent position changes. However, the position of a single address cannot directly represent the direction of the overall market.
Beginners should distinguish between unrealized profit and realized gains, and recognize that leverage magnifies both gains and risks; they should not judge the subsequent rise or fall of ENA based solely on one address’s position.
Risks and unknowns
The material only relays TradingBeats’ monitoring results and does not include independently verifiable on-chain transaction links or original position data.
The holder’s identity cannot be confirmed from the available material.
Changes to the position after publication, including additions, reductions, closure, or changes in profit and loss, are unknown.
The material does not provide the liquidation price for the position.
Related Developments
Loading event timeline…
The headline states that the return rate has reached 560%, while the body states an estimate of approximately 564.5%based on the initial leverage; the two statements differ in precision.
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
