Hyperliquid ETH short shrinks 52% to 9,509 coins from Oct 7
- —Short of 9,509.1 ETH worth $24.06 million recorded on Oct 13
- —Same position was 19,762.81 ETH worth $51.28 million on Oct 7
- —Position size fell by roughly 52%
- —ETH traded at $2,530.10 at the time of the snapshot
Why it matters: The position could be a hedge against spot holdings, so a single address says little about overall market direction.
Source: TokenPost