After a whale liquidated its ETH holdings for a profit of $11.6 million, it suffered a $4 million loss from shorting BTC and ETH on Hyperliquid.

After liquidating their ETH positions for a profit of $11.6 million, a whale opened a $137 million short position on Hyperliquid, currently facing a $4 million loss. The BTC short position was opened at $120,000, and the ETH short position at $4,502.