Leverage 30x short at 28,875, liquidation line 29,722, this position is a bit interesting, is it betting on a short-term pullback or does it know something?

CryptoWorld News reports that today, three major whales opened a total short position of approximately $10.08 million on HyperLiquid, all of which are million-dollar-level XYZ100 positions. Among them, the most recent position was opened an hour ago, with a whale shorting 116 units of XYZ100 at 30x leverage, worth about $3.35 million, with an average price of $28,875, and a liquidation price of $29,722.