ETH Trader Opens $18.8M Short at $2,991, Closes for $909k Profit in 1 Hour; Hyperliquid Total Profit Reaches $10.23M

COINOTAG News, reporting on December 1, notes that, per The Data Nerd’s monitoring, a trader opened a short position on ETH valued at about $18.8 million, with an average entry near $2,991. This activity illustrates ongoing Ethereum trading dynamics and the use of leverage within crypto venues.

About an hour later, the trade was closed, yielding roughly $909,000 in profit. As of now, the trader’s cumulative Hyperliquid gains total approximately $10.23 million, reflecting brisk intraday liquidity and disciplined risk management in the current crypto market.