Despite a previous loss, the whale's new short position on ETH reflects ongoing strategies in the volatile cryptocurrency market.
On July 28, Smart Trader, known for a 75% win rate, deposited 4.68 million USDC into HyperLiquid and opened a short position on ETH with 20x leverage. Previously, this trader lost $802,000 on a short position after failing to close in time, despite having made over $20 million in earlier trades.