[Whale Liquidates ETH for Profit, Then Shorts BTC and ETH with $4 Million Unrealized Loss] On-chain analysis shows that a whale liquidated 6,037 ETH at $4,221 on September 22, earning a profit of $11.6 million. Subsequently, the whale opened BTC and ETH short positions worth a total of $137 million on Hyperliquid, currently facing an unrealized loss of $4 million. This includes a 40x leveraged short of 800 BTC at an entry price of $120,892 and a 20x leveraged short of 8,000 ETH at an entry price of $4,502.