Hyperliquid Whale Incurs $11.1M Loss on 50,000 ETH Short Position

ETH2.24%
According to Hyperinsight, as of July 16, the Hyperliquid address pension-usdt.eth holds a 50,000 ETH short position at 3x leverage, with a nominal value of approximately $96.1 million and a floating loss of $11.102 million, representing a -39.2% decline. The position carries a liquidation price of $2,176.25, approximately 13.2% below the current market price.
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