An Ethereum whale previously holding a 15x leveraged $122 million ETH long has initiated another high-risk move. According to Onchain Lens, the trader deposited $3.85 million USDC to HyperLiquid after incurring a $1.3 million loss on a prior trade and opened a 20x leveraged short on ETH. This action adds to a history of large, high-leverage positions in cryptocurrencies and tech stocks, underscoring a sustained aggressive trading strategy.