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Whale Opens $52M Bitcoin Short on Hyperliquid With 20x Leverage, Becomes Largest BTC Bear

GateNews
Derivatives Data
BTC-0.88%
HYPE0.69%
ETH0.07%

According to BlockBeats, on June 9, a whale opened a $52 million short position on Hyperliquid, shorting 831.4 BTC on 20x leverage at an average price of $62,675, with a liquidation price at $69,909. The position became the largest Bitcoin short on the platform today.

The whale, tracked at address 0x50b309f78e774a756a2230e1769729094cac9f20, is not a long-term bear but trades aggressively on BTC and ETH with quick entries and exits. The trader has recorded nine consecutive wins with weekly profits reaching $710,000.

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