Hyperliquid Address Holds $51.28 Million Ether Short Position

A Hyperliquid address held a $51.28 million short position in Ether (ETH) on Oct. 7, with the trade showing an unrealized profit of about $1.31 million.

The address, identified as 0xecb63c...2b00, held 19,762.81 ETH in the position. Ether was priced at $2,594.56, compared with an average entry price of about $2,661.05.

The position was larger than the 15,182.44 ETH short reported previously. Earlier coverage detailed the address’s prior position, which had a notional value of about $40.91 million.