ETH Whale Took $11.6M Profit Liquiding at $4,221 — Now Holds $137M Hyperliquid Short (8,000 ETH, $4M Unrealized Loss)

According to on-chain data analyst Yu Jin, a prominent whale address liquidated ETH at $4,221 roughly two weeks ago, realizing a profit of $11.6 million — a trade that coincided with a subsequent market uptick. The same wallet has since initiated a large short position on Hyperliquid valued at about $137 million and shows an estimated $4 million unrealized loss. Records indicate the address had previously closed a short in June and bought 6,037 ETH at an average price near $2,299 before liquidating those holdings on September 22 at $4,221.

Current position details list a short of 800 BTC at 40x leverage (≈$100 million) with an entry price of $120,892 and a liquidation price around $129,848, plus a short of 8,000 ETH at 20x leverage (≈$37 million) entered at $4,502 with liquidation near $5,109. These metrics provide clear risk parameters — leverage, entry and liquidation price — useful for market participants and risk managers monitoring potential liquidity events.