Data: High-leverage traders long ETH on Hyperliquid with 25x leverage, making a profit of 1.18 million USD

ChainCatcher news, according to Ember monitoring, a high-leverage trader successfully arbitraged again on the Hyperliquid platform. He deposited 4.03 million USDC as margin to Hyperliquid at 4 AM and went long 50,000 ETH (approximately 93 million USD) at a price of $1,856 with 25x leverage.

Subsequently, the trader closed the position around 7 AM at an average price of $1,880, successfully making a profit of 1.18 million USD. It is worth noting that after each profit, the trader converts the withdrawn USDC into ETH, only exchanging ETH back to USDC when he needs to engage in leveraged trading again.