$ETH A whale is digging deep to stay afloat, pumping $9.5 million in $USDC into HyperLiquid over the past two days to fend off liquidation on a massive 20x leveraged $ETH short position valued at $66.4 million. Despite the reinforcements, they’re nursing a hefty $19.9 million floating loss as Ethereum holds strong.

What do you think—is this whale’s persistence a sign of conviction in an $ETH downturn, or are they fighting a losing battle against the market?