PANews reported on January 29th that, according to Lookonchain data, the address "ETHMegaBear," starting with 0x20c2, has accumulated profits exceeding $80.9 million by shorting ETH, and currently still holds a short position of 30,582 ETH worth approximately $88.9 million. Since 2024, they have been continuously shorting ETH on the Hyperliquid platform, using the highest leverage (previously 50x, currently 25x).
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