ETH’s largest short position, “pension-usdt.eth,” has initiated liquidation, giving up $5.9 million in unrealized profits amid recent price rebound.

TechFlow News, June 16: According to Hyperinsight monitoring data, as ETH has continued rising recently, the largest ETH short position on Hyperliquid—“pension-usdt.eth”—has seen its unrealized profit sharply decline by $5.9 million over the past week and triggered its first take-profit order in the last half hour.

This address previously opened a 3x-leveraged short position on 60,000 ETH, with a position value of approximately $107 million and an average entry price of $1,810. As of press time, it has closed approximately 2,135 ETH of this position, and its remaining short position retains an unrealized profit of $1.24 million.