Hyperliquid LIT Short Seller Closes BTC and ETH Longs, Opens New Leveraged Shorts

Hyperbot data shows that the largest LIT short seller on Hyperliquid has closed all of its Bitcoin and Ethereum long positions. According to Odaily, the trader then opened 10x leveraged short positions in AVAX and HYPE, as well as a 20x leveraged SOL short. The trader’s 3x leveraged short on 2.528 million LIT is now showing an unrealized loss of $5.25 million, and the overall position has an estimated return on investment of about -115%.