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After a whale cleared ETH for $11.60 million, it shorted BTC and ETH on Hyperliquid for $4 million

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2025-10-05 08:37:52
According to on-chain analyst Ember Monitoring, a whale cleared ETH at $4,221 two weeks ago for a profit of $11.60 million, the broader market rose. In the last two days, it opened a short order worth $137 million on Hyperliquid, and is currently losing $4 million.
The whale bought 6,037 ETH spot at $2,299 after closing the short order in June. On September 22, it cleared the ETH bought in June at $4,221, earning $11.60 million.
After selling ETH, the market continued to rise. The whale shorted $137 million worth of BTC and ETH on Hyperliquid in the last two days and is currently losing $4 million. 40x shorted 800 BTC, worth $100 million, opening at $120,892 and clearing at $129,848; 20x shorted 8,000 ETH, worth $37 million, opening at $4,502 and clearing at $5,109.
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