Whale opens $25.5M ETH short on Hyperliquid

An anonymous trader known as Evaded has opened a 25x leveraged short position on 12,600 ETH, worth $25.49 million, on Hyperliquid, according to Onchain Lens. The trader is also maintaining a 30x leveraged Bitcoin short position valued at $71.5 million, with current unrealized profits exceeding $1.6 million. Meanwhile, a portion of a 25x leveraged ETH long position held by prominent Taiwanese singer Jeffrey Huang has reportedly been liquidated.