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Since 2024, an address that has been continuously shorting ETH on Hyperliquid has accumulated profits of over $80.9 million.

Since 2024, an address that has been continuously shorting ETH on Hyperliquid has accumulated profits of over $80.9 million.

PANewsPANews2026/01/29 14:57
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PANews January 29th news, according to Lookonchain data, the address starting with 0x20c2, "ETHMegaBear", has accumulated profits of over $80.9 million by shorting ETH, and currently still holds a short position of 30,582 ETH worth about $88.9 million. Since 2024, this address has been continuously shorting ETH on the Hyperliquid platform, using the highest leverage (previously 50x, currently 25x).

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