According to @ai_9684xtpa, a whale who has shorted BTC four times since March 2025 opened a 25x ETH short on Hyperliquid with a 500 ETH position worth about $2.2 million at an entry price of $4,391.6, source: @ai_9684xtpa on X on Sep 2, 2025. The author reports the trader typically scales in over time, implying potential gradual position increases, source: @ai_9684xtpa on X on Sep 2, 2025. The same source notes the whale’s existing 20x BTC short is currently in profit, source: @ai_9684xtpa on X on Sep 2, 2025.