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A certain whale who was firmly shorting ETH has recently experienced a capital drawdown of over $7 million. Previously, they were the counterparty to the "100% win rate whale."

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On December 5, according to HyperInsight monitoring, the “Top 100% Win Rate Whale Counterparty” (0x218) ETH short position has shifted from an unrealized profit of $5 million on December 2 to a current unrealized loss of about $2.49 million. The position size is $51.72 million with an average price of $3,005, currently ranking as the TOP 2 ETH long position on Hyperliquid. On December 1, this address significantly increased its ETH short position at around $2,810, lowering the average entry price. Additionally, monitoring shows that this address previously used $5 million in principal to take a counter-position against the then-popular “100% Win Rate Whale,” closing the position within half a month and recording a $5.08 million profit. This is the second time opening a short position, and the account’s total profit still stands at $2.8 million.

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