Hyperliquid Trader: $32.7M ETH Short Nears Liquidation

Hyperliquid address 0xb15b229203c383abf143b409e53315788e18dbae opened a 13,830 ETH short at $2,366 for $32.72 million at 11 PM yesterday, only to see ETH rebound to $2,409 by 7:30 AM and force liquidation of 2,765 ETH worth $6.66 million.

The remaining 11,061 ETH short position valued at $26.64 million now sits with a liquidation price at $2,419, nine dollars above the current $2,414.2 print.

Price action on the 4h chart shows a bearish structure with price below both the EMA50 at $2,457.63 and EMA200 at $2,529.88, yet the MACD has printed a bullish golden cross at -18.08 while RSI holds neutral at 47.97. Trading inside the Bollinger Bands between $2,364.46 support and $2,477.05 resistance, the market is testing the upper band while the short liquidation cluster sits just above current levels, creating a tight confluence where any further push higher risks cascading the remaining position before a potential retracement toward the 50-EMA.