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A trader with the address 0x94d…33814 has recently been playing a betting game on Hyperliquid. 13 hours ago, taking advantage of a surge in ETH accumulation, he opened a short position in the opposite direction. He has now accumulated a short position of 36,281.29 ETH, becoming the second-largest ETH short holder on the platform, with a paper value of $106 million.
Based on the opening price of $2,920.21, the increase in Ethereum's price has expanded his unrealized loss to $521,000. This guy is not only betting on ETH; he also opened a $48.18 million short in BTC and a $13.43 million short in SOL. Such a combination of bets clearly indicates a contrarian stance against the market—while most people are bullish, he has chosen a bearish direction. Although the unrealized loss is growing, the scale of this position is enough to trigger a chain reaction if the market reverses.