Hyperliquid whale faces $16M loss on 3x BTC, ETH short positions

According to Onchain Lens, a Hyperliquid whale (pension-usdt.eth, starting with 0x0ddf) is facing over $16 million in unrealized losses on 3x short positions in BTC and ETH amid rising market prices. The whale, who had previously drawn market attention for a win rate exceeding 80% on Hyperliquid, reportedly opened a total of $110 million in 3x BTC and ETH short positions early last month.