$BTC

🚨$ETH /USDT UNDER FIRE 🔥

Over the past 24 hours, Ethereum is down over 5%, continuing a downward trend that intensified after a major whale reportedly built an eye‑watering $110–112 million short position on Hyperliquid, with roughly 40,000 ETH at 15x leverage.

The trader added $3.4 million in USDC, currently sitting on about a $980,000 unrealized loss, signaling strong bearish conviction

This aggressive short ramp-up has put ETH under renewed pressure, dragging its value lower. Meanwhile, Bitcoin (BTC) remains uneasy, rebounding near $107K–$110K but some analysts predict a dip to the low $100K , or even $98K .

In DeFi circles the mood is grim. If ETH continues sliding, that whale’s leveraged position could spark liquidations, accelerating the decline further.