Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
$ETH Decisively go short!
That so-called “Hyperliquid largest long whale,” holding 120,000 ETH in a long position, is now sitting on unrealized losses of as much as $27.92 million. Its average entry price is $2,261, and its liquidation prices are $1,750 and $1,350 respectively. Even the most confident longs in the market are about to buckle—I directly go all-in with a $320k short and smash in!
1. The biggest long is on the verge of collapse; there is no support left in the market. The big players who can sink 120,000 ETH into the market are all floating losses of nearly $28 million, which shows the buying power has completely run out. Ethereum spot ETFs have seen capital outflows for multiple consecutive weeks. Harvard University cleared out an $87 million ETH position in the first quarter, and Grayscale has also greatly reduced its allocation. The big shots are already running—there’s no one left to take the bag.
2. The SEC delays the “innovation exemption,” and the RWA lifeline story flips. The tokenized stock access that the market had been pinning huge hopes on is being postponed indefinitely. Technical and compliance disagreements can’t be reconciled, and expectations for incremental capital are completely cut off.
3. The $2,000 defense line is basically useless. In the past nearly two months, there have already been over 60 ten-thousand-ETH whales cutting their positions, and down to $1,750 it’s almost a vacuum zone. Once the strongest long gets liquidated, the stampede will be unstoppable.
With a $320k short position locked in—waiting for ETH to break through $2,000, and harvest this entire waterfall!