Korean index plunges: Whale heavily invested in on-chain Korean ETF with a 5 million position faces significant drawdown, only 4.1% away from liquidation
BlockBeats News, March 23, according to Hyperinsight monitoring, the EWY (iShares Korea ETF mapping contract) deployed by Trade.xyz on the Hyperliquid platform has experienced a sharp decline, currently quoted at $122.5, with a 24-hour drop of 4.2%.
The largest on-chain EWY long position (0x629) was hit first, with its position briefly retracing to -83%. The position size reached $5.5 million, with an average price of $128.9 and a liquidation price of $117.7, accounting for 4.1% of liquidation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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