HyperLiquid's big whale is now probably staring at the candlestick chart without blinking; $2049 is the life-and-death line.

Crypto news, ETH rebound forced a $101 million short position of a major whale to near liquidation, less than $30 away. As of now, ETH has rebounded approximately 5.67% since its low on Saturday, approaching the liquidation threshold of the largest ETH short whale on HyperLiquid. This address shorted 47,603.6 ETH with 23x leverage this morning, with a position value of about $101 million, currently with an unrealized loss of $1.09 million (-24.6%). Based on the current price, if ETH rises another roughly $30 to the $2,049 level, this $101 million short position will be liquidated, with the liquidation line only about 1.32% above the current price.