A whale is shorting $7.4M BTC and $8.7M ETH at 20x leverage on Hyperliquid, while holding profitable longs on S&P 500 and XYZ100 index perpetuals.

Wallet 0x50b3 opened a $100.33M ether short at 23x leverage on Hyperliquid on May 25, with automatic liquidation triggered if ETH reaches $2,149.84.

A trader known as “0x50b3” initiated a $100M+ 23x leveraged short on Ethereum amid rising tension in the Ethereum ecosystem.