A whale who lost $230 million on Hyperliquid after his long ETH position was liquidated three days ago is now cutting his losses on leveraged ETH holdings: he sold 50,000 ETH ($112.8 million) to reduce leverage. Just a week ago (January 27th), he leveraged his position to go long on 148,000 ETH ($426 million) at $2,883, after which ETH plummeted to $2.2K. This not only liquidated his Hyperliquid ETH long position, but also brought his leveraged ETH long position close to the liquidation threshold. In the last two days, he sold 50,000 ETH, lowering the liquidation price to around $1,600. Address: 0xca08371f6e9204dd6927dcc2db5504ea062b2998 He currently holds 33,000 BTC ($2.52 billion) and 748,000 ETH ($1.693 billion) on the blockchain, worth $4.213 billion.