A prominent Hyperliquid trader just banked a cool $1 million profit on their Bitcoin position, but here's the twist: they're immediately going all-in on an enormous Ethereum short. With $25 million in total gains already locked in, this strategist is clearly reading the market differently now. The shift from BTC long confidence to an aggressive ETH short position signals serious conviction about near-term market dynamics. Traders watching whale activity are flagging this move—when someone with that profit stack adjusts their conviction this dramatically, it often precedes notable volatility. Whether it's profit-taking, technical levels, or macro headwinds catching their attention, this $25M thesis is worth monitoring for market clues.