A certain whale used 3x leverage to short approximately $63.63 million worth of ETH, currently facing an unrealized loss of about $900,000.

According to Odaily, crypto analyst Ember (@EmberCN) has monitored that a whale address recently transferred approximately 30 million USDC to Hyperliquid and established an ETH short position with 3x leverage. The current short position is about 20,000 ETH, valued at around $63.63 million, with an entry price of approximately $3,136. Based on the latest price, the unrealized loss is about $900,000. Historical data shows that this address has completed about 70 trades in the past three months, with a win rate of around 83% and a cumulative profit of approximately $20.95 million. The trading style is high-frequency and operates both long and short, with an average holding period of about 24 hours.