According to HyperInsight tracking, on February 11, a major ETH short seller began aggressively betting against ETH from the $2940 level. Recently reducing their position, floating gains have now expanded to $8.34 million.
Breakdown of Whale Activity
Since 2024, this trader has maintained a consistent ETH short position on Hyperliquid, operating with maximum leverage. Initially using 50x leverage, they've now adjusted to 25x leverage.
The original $88.9 million short position has gradually been reduced, with the current position value standing at $16.45 million.
- Accumulated profits exceed $80.9 million
- Position reductions draw market attention
- Strategy adjustments show flexibility