Super bear who shorted ETH from $2940 gradually closing their position, current position size is $16.45 million

BlockBeats News, February 11th, according to HyperInsight monitoring, a certain "ETH Super Bear" has been steadfastly shorting since $2940, and has started to reduce the position recently. Currently, the floating profit has expanded to $8.34 million. The value of the $88.9 million short position has gradually decreased to $16.45 million through continuous partial closure.

The whale has accumulated profits of over $80.9 million by shorting ETH, and has been shorting ETH on Hyperliquid since 2024, always using the highest leverage (previously 50 times, currently 25 times).