Hyperliquid's largest Ethereum short, "pension-usdt.eth," has suffered losses of up to $11.1 million

According to monitoring by Hyperinsight, the top ETH short whale "pension-usdt.eth" on Hyperliquid is currently shorting 50,000 ETH with 3x full margin leverage, with a notional value of approximately $96.105 million, an average entry price of $1,700.06, and an unrealized loss of $11.102 million (−39.2%) on the position. The liquidation price is approximately $2,176.25, about 13.2% away from the current price.