Monitoring data from TradingBeats showed that an ETH short address beginning with 0xa61c on Hyperliquid revised its downside buyback plan early on Sept. 15. The trader canceled earlier bids and reposted orders for 40,000 ETH between $2,280 and $2,437, lifting the total bid value from about $57.811 million to $94.699 million, an increase of roughly 63.8%. The lower and upper bounds of the range were moved up by $30 and $46, respectively.
The address currently holds an ETH short position worth about $35.953 million, with an average entry price of $2,587.33 and an unrealized profit of about $1.003 million. Based on the current position, $2,391.8 is the key level at which the account would switch from net short to net long once part of the buy orders fill. TradingBeats also said ETH would need to fall another roughly 3.2% to 9.4% from the current price to enter the posted bid zone. On the upside, the address still has 33 sell orders between $2,687 and $2,887 for a total of 10,000 ETH, worth about $27.988 million.
An ETH short address beginning with 0xa61c on Hyperliquid revised its pullback plan early on Sept. 15, according to monitoring data from TradingBeats. The account raised its rebuy levels and increased total bid size from about $57.811 million to $94.699 million, a jump of roughly 63.8%.
Bid range was moved higher
The address first canceled its original buy orders, then reposted bids for a total of 40,000 ETH between $2,280 and $2,437. The lower bound of the range was raised by $30, while the upper bound was lifted by $46.
Based on the current market price, ETH would need to fall another roughly 3.2% to 9.4% before trading into that buy zone.
The account is still short ETH
The address currently holds an ETH short position valued at about $35.953 million. Its average entry price is $2,587.33, and the unrealized profit stands at about $1.003 million.
Based on the current position, $2,391.8 is the key level at which the trader would flip from short to long. Once part of the posted buy orders fills around that level, the remaining short would be fully closed and the account would turn net long.
33 sell orders remain above the market
The address also continues to keep 33 sell orders between $2,687 and $2,887, totaling 10,000 ETH, or about $27.988 million.
If price moves higher, those orders could add to the existing short exposure, or serve as preset take-profit levels for a later long position.
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