12.05 million dollars backed by ETH retracement, if this short position on HyperLiquid gets filled, short-term resistance will be pushed to the limit, bulls need to be cautious.

CoinWorld News reports that a major whale plans to set up short positions on Ethereum (ETH) at high levels after a rebound, with an initial position of approximately $12.05 million. After Ethereum rebounded from a low near $2,000 over the weekend, the whale placed two large sell orders on HyperLiquid about 6 hours ago, planning to short 5,614.9 ETH in batches within the $2,115–$2,149 range, with an estimated total position size of about $12.05 million. If all orders are filled, then based on capital-weighted calculations, the final average entry price will be around $2,147.58.