Ethereum has climbed back above the $2,100 mark, reflecting a positive trend in the cryptocurrency market. In a notable transaction, a newly created wallet identified as 0xc9c3 deposited 3.98 million USDC into the Hyperliquid platform within the last two hours. The wallet subsequently opened a 20x leveraged short position on 9,526 ETH, valued at approximately $20.25 million. However, this position is currently facing a loss of $255,000.