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Whale Profits Over $80.9 Million by Shorting ETH with 25x Leverage

2026-01-29 14:49

Odaily News According to Lookonchain monitoring, the whale ETHMegaBear (0x20c2) has profited over $80.9 million by shorting ETH. This trader has been shorting ETH on Hyperliquid since 2024, consistently using maximum leverage. The leverage was previously 50x and is currently 25x. ETHMegaBear (0x20c2) currently holds a short position of 30,582 ETH, valued at $88.9 million.

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