$ETH The “Mysterious Whale” @AguilaTrades is making waves again, opening a high-risk 25x leveraged ETH short position on Hyperliquid, valued at $84 million with 20,000 $ETH

This bold move, with Ethereum trading around $4,200, follows Aguila’s rollercoaster history of massive gains and losses, including a $38.7 million deficit from prior $BTC and $ETH trades and a recent $4.7 million floating profit on a 25x ETH long position.

Their short, likely entered near $4,200, bets on a price drop, but with a liquidation price estimated around $4,368 (assuming a 4% margin threshold), a 4% $ETH uptick could wipe them out. Ethereum’s bullish momentum, driven by the Fusaka upgrade hype and 1.4 million daily transactions, poses risks, though recent market volatility from a $9 billion BTC sale could fuel a dip.

What’s your take—will Aguila’s ETH short cash in on a market correction, or are they setting up for another liquidation in this bullish environment?