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Hyperliquid's profit leaderboard just saw some action—one of their top PnL traders added another $14.96K short on $ETH around $3,311.90.
Their total ETH short position? Now sitting at a hefty $2.51M with an average entry of $3,318.48. And get this—liquidation wouldn't hit until ETH rockets to $53,663.79. Yeah, that's not a typo.
Seems like someone's really betting against the bulls here. Bold move or overconfident? Time will tell.