Trader 0x0c5 turns profitable on $29.6M 20x ETH long with $2.29M gain
- —The position was opened three weeks ago at $29.6 million with 20x leverage
- —Entry at $2,482.2; four days ago the loss was $1.6 million
- —After ETH rose 5.5%, the profit reached $2.29 million
Why it matters: It shows how a 5.5% ETH rally sharply changes the returns on large leveraged positions on Hyperliquid.
Source: PANews