Hyperliquid: $12.43M ETH Short Partially Liquidated

Hyperliquid trader closed the tracked $12.43M ETH short yesterday realizing $209.9K total loss after 109.71 ETH closed at -$3.6K, $2.49M partial liquidation at -$50.6K and the remaining 5.44K ETH position closed at -$148.6K with 290K USDC withdrawn. ETH price action at $1825.3 shows price testing upper Bollinger resistance at $1839.02 while RSI at 67.96 stays neutral and MACD golden cross at 17.04 reinforces the bullish EMA50 support at $1759.62 and EMA200 at $1748.58, suggesting institutions may view any retracement to the 50-EMA as a high-probability entry before continuation rather than a full reversal. The move aligns with ETH price prediction models that factor 25x leveraged shorts getting squeezed when volatility bands tighten near current levels.