Hyperliquid ETH Short Order Book Liquidity Test Yields 3.36% Fill

Address 0xd9a5 aborted a $100M ETH short TWAP on Hyperliquid after 45 seconds, filling only 3.36%. Prior trades show systematic liquidity probing.

Woofun AI data shows that address 0xd9a5 initiated a 30-minute ETH sell TWAP on Hyperliquid this morning, targeting 52,956 ETH with a notional value of approximately $100.4 million. The order was aborted after 45 seconds, executing only 1,779.67 ETH for roughly $3.373 million, resulting in a 3.36% fill ratio. This address, holding equity of $335,000, appeared to test order book depth by submitting exaggerated parent orders to generate near-limit market orders and assess slippage. Previous activity included 39 prematurely terminated ETH TWAPs yesterday, with a median duration of 16.5 seconds. Despite cancellations, the address accumulated a net short of 58,200 ETH, closing positions for a total volume of about $218 million and realizing a net profit of approximately $336,000 after fees. The remaining short position of 1,779.67 ETH carries 10x leverage at an entry price of $1,895.08, showing an unrealized loss of about $1,265.