Hyperliquid's Largest EWY Short Cuts $1M Position After Korea ETF Volatility

The largest short holder in cash:EWY (iShares Korea ETF mapping contract) on Hyperliquid, address 0x65c1, cut its position by about $1 million since early March 4, leaving a remaining short worth $4.67 million, Coinbob Hot Address Monitoring data show. The address holds the short at an average entry of $128 with unrealized profit of $200,000 (36%) and liquidation price at $146, after opening a 9x leveraged short near $131 on March 3 and scaling to a peak notional of $5.67 million amid two consecutive South Korean stock market trading halts. The largest long in EWY, address 0x629a, holds a 20x leveraged long worth $5.86 million at an average price of $126 with unrealized losses of $210,000 (69%), opened on March 3 at 23:00.