ETH $25.5M short for Hyperliquid as one big whale still dey hold BTC short of $71.5M
On 28 May 2026, one anonymous whale ("Evaded") open one Ethereum (ETH) short for Hyperliquid worth $25.49M. Di trade use 25x leverage and involve 12,600 ETH, na Onchain Lens first flag.
The whale still dey run bigger Bitcoin (BTC) short for Hyperliquid: $71.5M notional with 30x leverage, dem talk say e dey show more than $1.6M unrealized profit. Combine, the whale ETH and BTC short exposure near $97M.
At the same time, separate high-profile matter happen: one 25x leveraged ETH long wey former Taiwan singer/crypto investor Jeffrey Huang hold on Hyperliquid partly liquidate. The new ETH short and the liquidation event underline say leverage dey cause volatility for decentralized perps venues like Hyperliquid.
For ETH traders, this setup increase chances of sharp, order-book-sensitive moves as market people reprice the ETH short risk. Make una watch funding-rate changes, possible liquidation cascades, and ETH price reactions near key liquidation zones.
Bearish
Di latest update add one fresh $25.49M ETH short wit 25x leverage, plus one already big BTC short, make the whale combined short exposure reach about $97M. Dis dey increase sell-pressure risk and fit press ETH if price move against the shorts.
But, the partial liquidation of another high-leverage ETH long show say leverage cascades dey active for Hyperliquid. For short term, dis fit create sharp counter-moves (short-covering) before the downtrend resume, especially if ETH near liquidation zones. For long term, if the ETH short remain open and funding-rate/positioning remain aligned, sentiment normally go bearish for ETH.
Net: traders suppose expect higher volatility and downside bias for ETH, with liquidation-driven spikes possible for both directions.