A major whale opened a 23,000 ETH short position worth $39.64 million

TechFlow reports that on June 21, according to on-chain analytics platform Lookonchain (@lookonchain), the trader 0xa2e—known for a 90% win rate and cumulative profits of $4.93 million—re-entered the market by depositing $3.49 million in USDC into Hyperliquid and opening a 20x leveraged ETH short position involving 23,000 ETH, valued at approximately $39.7 million. Previously, this trader executed 10 long and short ETH trades within five days, with nine profitable trades totaling $4.93 million in gains.