According to Lookonchain on X, a trader has deposited additional USDC into Hyperliquid and continued to short ETH with 25x leverage, leading to a current loss exceeding $2.6 million. The reported liquidation price for this highly leveraged position is $2,343.4. These aggressive moves highlight significant risk exposure and may increase volatility in ETH perpetual markets. Crypto traders should monitor ETH price levels closely, as liquidation events at such a scale could spark sudden price swings or trigger cascading liquidations across exchanges. (Source: Lookonchain, x.com/lookonchain/status/1920742501620613354)