Anonymous whale opens $100M ETH short position

An anonymous whale address beginning with 0x50b3 has opened an Ethereum (ETH) short position worth around $100 million on the decentralized perpetual futures exchange Hyperliquid (HYPE). The position was entered at $2,094.92 with 23x leverage and has a liquidation price of $2,149.84. The whale is currently facing an unrealized loss of approximately $750,000. According to CoinMarketCap, ETH is currently trading at $2,109.42, down 0.6%.