A Hyperliquid whale has just opened a Longing ETH position with 20x leverage, with a total volume of 47,200 ETH – equivalent to approximately 69.15 million USD at the current market price. The actual amount the whale used to margin this order is 4.5 million USDC.

The 20x leverage means that if the price moves about 5% unfavorably, the position risks being liquidated. In this case, the liquidation price is set at 1,391 USD – which is only about 4.3% lower than the entry price. This indicates that the position is in a very high-risk state: if ETH drops below 1,391 USD, the position will be automatically closed and the entire margin funds could be lost.

It is known that this wallet is associated with a Hyperliquid whale who previously stirred up the community by earning around 20 million USD from leveraged trades of x40, x50 in just a few weeks.

Later, ZachXBT investigated and confirmed that the owner of this Hyperliquid whale wallet is William Parker (WP), a person with a notorious past. WP, previously known as Alistair Packover (or William Peckover), drew attention in the UK in the early 2010s with allegations of fraud related to hacking and gambling. Last year, WP was arrested for stealing about 1 million USD from two casinos and was sentenced in Finland.

Also Read: ZachXBT Reveals the Identity of the Hyperliquid Whale "Dominating" the Crypto Community Recently