Whale: Opens $19.7M ETH Short on Hyperliquid

Hyperliquid recorded a dormant whale reactivating to open a 12,832 ETH short position at 20x leverage worth $19.7M.

The move aligns with patterns in Hyperliquid ETH perpetual futures large whale positions history and dormant crypto whale wallet reactivation patterns 2024-2025, where inactive addresses suddenly deploy size during volatility spikes.

Price sits at $1536.4 inside the Bollinger band with upper resistance at $1712.89 and lower support at $1519.29; the bearish structure below both EMA50 at $1660.94 and EMA200 at $1821.69 plus MACD death cross at -40.53 keeps downside pressure intact while RSI at 32.32 leaves room for further extension toward the lower band before any relief.