Hyperliquid: Whale Opens $12.43M ETH Short

Hyperliquid recorded a whale deposit of roughly $500K that funded a $12.43M ETH short sized at 6,914 tokens with 25x leverage.

Entry printed at $1,790.36 while the mark price sits at $1,797.70 and liquidation rests only 1.55% higher at $1,825.58, leaving the position already $50.7K underwater.

Price action on the 4h chart shows a bullish structure with EMA50 at $1,749.66 and EMA200 at $1,746.45 acting as concrete support beneath current levels. Momentum remains constructive as MACD registers a golden cross at 11.86 while RSI at 60.75 stays neutral. With price pressing the upper Bollinger band resistance at $1,813.79, a healthy retracement toward the 50-EMA support zone appears probable before any sustained continuation higher.