A whale with 30x leverage shorted the Nasdaq 100, with a short position size of $1.04 million

BlockBeats News, March 11th, according to Hyperinsight monitoring, during the last round of the U.S. stock market overnight session, a whale with an address starting with 0x980 on Hyperliquid opened a 30x leveraged short position on XYZ100 (Nasdaq 100 perpetual contract), with an average entry price of $25,053, a liquidation price of $27,406, and a position size of $1.04 million.

Hyperliquid data shows that XYZ100 is currently trading at $24,977, down 0.4% in the past 24 hours, with reduced volatility and a small price range over the past two days.