Whale Bets Big on Ethereum Shorts, Risk of Liquidation Looms

A major crypto trader has taken a substantial bearish position on the decentralized exchange HyperLiquid, focusing their bets on shorting ETH, BTC, and SOL. This has led to an exposure of $69 million across these three major cryptocurrencies using 3X leverage. The move has amplified risk given the recent surge in Ethereum’s price, pushing the trader towards a potential liquidation if prices breach key resistance levels.