On ETH-HL (27 Nov), 0x7308...7e8f fully exited its long position (2,129.56 YU, about $4.77M), dropping from 28.0% of the long side to zero. 0x19fd...9989 cut its short exposure by 48% (1,376.82 YU, about $3.08M), falling from 37.9% to 22.0% of the short side. No liquidations printed anywhere on the protocol.

Taker flow on ETH-HL was short-heavy ($9.03M net short, 89% sell-side across 104 fills), the implied APR fell 0.71pp to 8.13%, and open interest dropped 16% to $15.39M. The book's 24 settlements averaged 9.66%, below the 10.95% Hyperliquid clamp baseline, and 22 of them paid longs.

The exiting long rotated part of that size, opening a 612.11 YU long on ETH-GA (27 Nov) worth about $1.37M.