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Whale profits over $80.9 million by shorting ETH with 25x leverage
Odaily Planet Daily reports that, according to Lookonchain monitoring, the whale ETHMegaBear (0x20c2) has profited over $80.9 million from shorting ETH. This trader has been shorting ETH on Hyperliquid since 2024, continuously using the highest leverage, previously at 50x and now at 25x. ETHMegaBear (0x20c2) currently holds a short position of 30,582 ETH, worth $89 million.