Fasanara Capital is still short ~$67M of ETH on @HyperliquidX, and down about $3.5M. Over the last day, they trimmed the position and then added right back. Same place they started - short. And it is not the only big name leaning short. Abraxas Capital is short another ~$41M of ETH, with about $1.5M underwater. Just sitting in it. That is ~$108M of identifiable fund short onchain, all of it underwater as ETH holds around $1,920.(Nansen 🧭)