ETH jumps 5.67% to $2,120, putting a $101M Hyperliquid short at risk of liquidation
ChainCatcher reports that Hyperinsight data show ETH has rebounded about 5.67% from Saturday's low, climbing back to $2,120 and approaching the liquidation threshold for Hyperliquid's largest ETH short. The wallet opened a 23x leveraged short of 47,603.6 ETH earlier today, with a notional position size of roughly $101 million. The position is currently down an unrealized $1.09 million (24.6%). Based on current pricing, a move of about $30 would take ETH to the $2,049 level, triggering liquidation of the $101 million short. The liquidation price sits about 1.32% from the current market price. Wallet: 0x50b309f78e774a756a2230e1769729094cac9f20.