A high-frequency whale account on Hyperliquid. At the same time, it shorted four assets—ETH, BTC, HYPE, and SOL—against the trend. The account’s net value is $56.966 million, with total notional across the four positions of $292 million (leverage 5–10x). The current unrealized loss totals $41.618 million, accounting for 73% of the account’s net value.

By coin: ETH short 42.975 million units @ 2033.48 entry, 5x leverage, unrealized loss $16.752 million, ROE -95.8%, liquidation price 3791.7 (current price 2423, only 56% of the distance to liquidation remaining); BTC short 10.493 million units @ 65722 entry, 5x leverage, unrealized loss $12.223 million, ROE -88.6%, liquidation price 134572 (current price 77343); HYPE short 0.805 million units @ 65.92 entry, 5x leverage, unrealized loss $9.778 million, ROE -92.2%, liquidation price 146.7 (current price 78.2); SOL short 0.467 million units @ 88.4 entry, 10x leverage, unrealized loss $2.865 million, ROE -69.5%, liquidation price 219.9 (current price 94.4).

All four positions’ ROE have fallen below -69%. Among them, ETH and HYPE have already approached -96% and -92%, respectively. The account is tagged with both high_frequency and whale, indicating this is not a one-time dip-buying attempt, but a short strategy that continuously adds positions to average in—however, over the past period the market has kept rebounding, and all four directions of the thesis have failed. From the nearest liquidation line (SOL at 219.9), the current price still has 133% upside room; liquidation has not been triggered yet, but funding rates continue to eat into margin (the ETH position’s funding cost has already consumed $460k).

Data source: coinboss.com Hyperliquid whale ranking real-time snapshot