Ethereum Contract Battle: Tens of Millions in Long and Short Confrontation, Whales Play Leverage Games on Hyperliquid

SignatureVerifier · 2026-01-20T10:12:12+00:00

In the past two hours, the Ethereum contract market on the Hyperliquid platform has experienced a long-short standoff. Address 0x4607 shorted 3,840 ETH with 4x leverage, while address 0xfB66 went long on 10,000 ETH with 12x leverage. The opposing actions of the two indicate a market disagreement on the future direction of Ethereum.

SignatureVerifier

2026-01-20 10:12:12

Abstract generation in progress

【Blockchain Rhythm】Lookonchain’s latest monitoring shows that in the past 2 hours, the Ethereum contract market on the Hyperliquid platform has experienced a confrontation between bulls and bears.

On one hand, address 0x4607 acted quickly, depositing 3 million USDC and directly opening a short position of 3,840 ETH with 4x leverage, totaling approximately $11.86 million. This move clearly bets on the decline of Ethereum’s price.

On the other hand, address 0xfB66 took a more aggressive approach, injecting 7.38 million USDC and turning around to go long on 10,000 ETH with 12x leverage, with a position size of $30.92 million. In comparison, this long position’s leverage and scale are noticeably more aggressive.

The opposing actions of these two whales within the same time window reflect that market divergence on Ethereum’s future direction still exists. Whether the cautious bears or the persistent bulls will prevail remains to be seen in the upcoming trend.

ETH-6,49%

USDC0,05%

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WhaleMistaker

· 17h ago

Playing ETH with 12x leverage—does this guy want to get rich overnight or go bankrupt overnight?

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GateUser-addcaaf7

· 17h ago

12x leverage hits over 30 million? This guy really dares to play. He probably got liquidated after just one pullback.

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YieldWhisperer

· 17h ago

12x leverage on 10k eth? nah the math doesn't check out here... watched this exact wallet pattern back in 2021, classic setup for a liquidation cascade honestly

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ZkSnarker

· 17h ago

well technically this is just two whales playing chicken with eth, one's short 12M and the other's going full degen 12x long... imagine the liquidation cascade if either of them gets it wrong lmao

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