A newly created address on Hyperliquid has taken a significant short position against the Nasdaq-100 index, leveraging its position 30 times. The address deposited $1.167 million and currently holds 500 short positions in XYZ100, valued at approximately $15 million. The average entry price for these positions is $30,230, with a liquidation price set at $31,658. As of now, the address has an unrealized profit of $40,000, according to Hyperinsight monitoring.