[Ethereum Whale Faces Approximately $19 Million Unrealized Loss on High-Leverage Short Position on HyperLiquid Platform] On-chain data shows that the address '0x8c58' deposited $1.98 million USDC on the HyperLiquid platform and opened a 20x leveraged short position on Ethereum (ETH). At one point, the address faced an unrealized loss of up to $26.6 million. Although the loss has since narrowed, it is still at approximately $19 million in unrealized loss. Notably, this investor previously profited from shorting ETH, demonstrating a high-risk operational strategy based on market volatility.