Clearing ETH + high-leverage short positions, what is this whale betting on?


A whale address has transferred 3,811 ETH (about $9.03 million) to an exchange, almost completely liquidating on-chain, leaving only 0.5 ETH.
But more importantly—he is simultaneously holding short positions on ETH (25x) and BTC (40x), with a profit of about $33 million on HyperLiquid.
While withdrawing spot holdings, he is also shorting with high leverage; such operations are never casual.
Most people only see the price, few pay attention to the direction.
And the real signals are often hidden in the actions.
ETH-3.17%
BTC-0.91%
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