Big Whale Movement: 3650 ETH dual-platform deployment, 20x leverage shorting intention awaits observation

2025-12-18 12:56:21

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【Block Rhythm】Interesting on-chain movements. A large whale is operating simultaneously on the Hyperliquid and Lighter platforms—accumulating a total of 3,650 ETH, worth approximately $10.35 million. But that’s not the whole story. At the same time, this whale has opened 20x leveraged ETH short positions on both platforms. This move is quite intriguing—building spot positions while shorting the same asset in futures. What could be the intention behind this hedging stance? Is it constructing a complex risk hedging strategy or laying the groundwork for a major move later? After all, with 3,650 ETH involved, every move by any top whale is worth paying attention to.

ETH1,47%

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just_another_wallet

· 2025-12-21 01:38

What is this whale doing playing Russian roulette here? Going long on spot and short on futures, with 20x leverage and still so stable—either a big player or a lunatic. Wait, this logic doesn't quite add up... Is it really hedging or testing the bottom? 3650 ETH, what exactly is this guy trying to do? It's scary. Operating on two platforms simultaneously, this rhythm... Is it bad news or good news? Give me a clear answer. Spot with short orders, this tactic is a bit advanced, but I always feel something's off. Whales are starting to stir again; the game of big players' battles never gets boring. What does this mean? Eating up chips while shorting oneself? This is the rhythm of cutting leeks.

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WhaleWatcher

· 2025-12-20 22:55

Wait, is this whale hedging or trying to bottom out? Buying spot while shorting with 20x leverage, this move looks quite hedging, but I think it's more likely they're laying an ambush. 3650 ETH swept into two platforms, how bearish does that look haha. What kind of psychological game is this guy playing? Building a position and still worrying about it. Something's off, this must be a setup before a dump, right? It looks like they're waiting for a certain signal, but it's not clear yet. This wave of whale operations has me confused, can anyone explain what the logic is? Acting on two platforms simultaneously, this must be coordinated to trap retail investors, right? Spot plus shorting, isn't that a guaranteed profit setup? This is mindless entertainment for me, such a hedging strategy.

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PoolJumper

· 2025-12-18 13:15

Long spot and short futures? What kind of tricks is this whale playing? --- 3650 ETH, this size is definitely enough to make people think, but a 20x leverage short is a bit harsh. --- Hedging? I think it's just testing the bottom support level. --- Operating on two platforms simultaneously, is it to even out costs or to accumulate energy? --- To put it simply, this kind of operation is betting on volatility, with spot as the guaranteed minimum and futures capturing the gains. --- A stake of 10.35 million dollars, this is the real sign of a major move worth watching. --- Wait, is this guy laying the groundwork for a big market move? --- I just want to know if this whale will directly push the market up next. --- 20x leverage short is too aggressive; one reverse move and it’s liquidation. --- Everyone talks about hedging strategies, but I think it's just playing both sides.

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SelfMadeRuggee

· 2025-12-18 13:13

This whale is probably playing psychological warfare, holding both spot and short positions, just waiting for retail investors to take the bait. 20x leverage short and still so arrogant? Really not afraid of bankruptcy. Opening both spot and short positions, is this guy trying to lock in profits or setting a trap? Daring to operate with just 10.35 million USD, I can't even come up with a joke. Feels like something big is coming, this rhythm is a bit familiar. I don't quite understand this hedging logic, but something feels off. Is this how whales play? I'm still worried about a five-cent loss. 20x shorts are really ruthless. Are they betting on ETH to fall or is there another plan? Spot holdings + leveraged shorts = ? Who among you can decode this cipher? Hey, if this move is to dump the market, retail investors will be the ones to take the hit.

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SolidityNewbie

· 2025-12-18 13:10

3650 ETH while accumulating and shorting at the same time, this guy is really ruthless. Either he's a hedging expert or he's laying the groundwork for a major event. --- Using 20x leverage to short while building a position in spot, this move is playing with fire. --- Wait, operating on two platforms with such a large volume at the same time, is he trying to exploit liquidity arbitrage? --- This whale's move looks contradictory, but upon closer thought, he might be setting up for a major reversal. Keep an eye on it. --- Opening both spot long and short positions with 20x leverage? He must be very confident about a subsequent decline, or there's another purpose. --- Accumulating and shorting at the same time, it's a classic whale tactic to keep retail traders confused. --- With 3650 ETH in volume, this guy must have some insider information, otherwise who would do this? --- This move is too big in scope, probably a prelude to a liquidation event. --- Reminds me of a similar move by a big whale last time; there's usually a story behind it, so watch closely. --- Operating on two platforms simultaneously shows this strategy is very well planned. Retail traders can't understand this.

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