A former trader with a 100% win rate on the Hyperliquid platform is making headlines again. This infamous hyperliquid whale used aggressive 25x leverage to open Ethereum short positions worth $9.9 million. This comes in the wake of heightened uncertainty, volatile prices, and divided sentiment among traders across the crypto market.
Ethereum’s price performance has been volatile in recent weeks, fluctuating between bullish optimism and bearish corrections. Traders are paying close attention as whales begin to reposition their portfolios. The same whale in question is known for his excellent timing and ability to close out positions for profit, garnering discussion across X and various other trading channels.
A trader’s decision to open such a high-stakes ETH leveraged trading position indicates either strong belief or calculated risk-taking in anticipation of a sharp price correction. Many people in the cryptocurrency community are currently asking the same question. Does this whale know something others don’t?
Just in: Former 100% winning Hyperliquid whale reopens ETH short position worth $9.9 million with 25x leverage.
0xc2a30212a8DdAc9e123944d6e29FADdCe994E5f2 pic.twitter.com/3A4XV4ZIlJ
— Whale Insider (@WhaleInsider) November 5, 2025
Whale performance and market timing
The trader gained attention earlier this year after successfully timing multiple short positions in major assets. Hyperliquid reports a 100% win rate and every move made by this wallet address is tracked by crypto analysts. This latest Ethereum short position shows that traders still believe a downside scenario for ETH is likely.
HyperLiquid, a decentralized perpetual exchange, has become a hub for high-leverage traders seeking deep liquidity and transparent execution. On-chain data shows that this whale wallet consistently manages multi-million dollar positions and closes them out before major market declines.
The timing of this new position was just before a major macroeconomic event and increased on-chain congestion on Ethereum, further spurring speculation. Traders are debating on social media whether this could trigger a series of liquidations if the market falls.
Ethereum faces technical and emotional pressures
Ethereum’s recent performance has been mixed. While long-term fundamentals are showing strength, short-term signals from the market look more negative. Network fees are rising again and on-chain activity has cooled from early mid-year highs. Technical indicators point to a potential downside as ETH struggles to hold onto key support near $3,000.
This environment may explain why the Hyperliquid whale confidently re-entered the market. A 25x ETH leveraged trading position amplifies both risk and reward. This means that even a small drop can lead to big profits. However, liquidation risk also increases if the price moves against the trade.
Traders often view whale behavior as an early warning sign. When experienced participants start shorting large amounts of Ethereum, retail traders tend to take notice. Some are interpreting this as a smart money signal suggesting a price correction may continue.
Widespread impact on Ethereum traders
The return of such a prominent trader shows how influential whale activity can be. Market sentiment is important for cryptocurrency price fluctuations, and high-leverage bets can lead to copy trading. Individual traders often follow the lead of large wallets and short when they see addresses going short, putting selling pressure on the price.
Ethereum remains in a pivotal range as both bulls and bears test important levels. If the Ethereum short position remains successful, it could provide continued bearish momentum for the altcoin sector as a whole. Amid rising volatility, experts are advising traders to be cautious with leverage.
Hyperliquid whales may take risks, but small traders cannot afford to make decisions based on emotion and instead focus on risk management.
