$35,538,000 $ETH short on Hyperliquid caught my eye. Entry is $2,367.06; the $2,369.192096 mark puts it underwater, with unrealized PnL at -$31,981. Liquidation at $2,443.349077 means a further rally threatens the position. Size alone doesn't convince me: I'm waiting, and would consider a short if price falls below entry and fails to reclaim it.