Hyperliquid ETH sees a $94.7M buy wall below 0xa61c…66b9 placed massive ladder orders on both sides of ETH today: - Below $2280–$2437 range: 67 buy orders, totaling 40K ETH, $94.7M - Above $2687–$2876 range: 66 sell orders, totaling 20K ETH, $55.6M Currently, this address holds 14.3K ETH short positions, with a position value of $35.32M at an average price of $2587.33, and unrealized profit of $1.637M. If all the sell orders above are filled, their ETH short position will expand to 34.3K ETH. Potential short position: 34.3K ETH vs buy orders below: 40K ETH, with overall quantities relatively close. In summary, this batch of orders looks more like a complete position management strategy: if the price goes up, they’ll continue to scale into shorts; if it drops, they’ll gradually cover.