Anonymous Ethereum Whale Takes on Hyperliquid with $100 Million Short Position

A significant short position has been opened against Ethereum on Hyperliquid, with a large anonymous trader betting against the cryptocurrency's continued growth. The trade, worth approximately $100 million, was executed at an entry price of $2,094.92 using 23x leverage.

As of the latest data from CoinMarketCap, Ethereum is trading at $2,109.42, down 0.6% over the past 24 hours. This places the whale approximately $14.50 above the entry price, resulting in an unrealized loss of roughly $750,000.

The position carries a liquidation price of $2,149.84, meaning that if ETH's price were to rise by around 1.9%, the trader would be automatically forced out of the position, suffering a total loss of their margin.