Bitcoin Short Position Surges to $17.865M on Hyperliquid Amid Smart Wallet’s 40x Leverage Move
2025-07-12 07:19:10
Main Idea
A smart wallet initiated a highly leveraged Bitcoin short position worth $17.865 million on Hyperliquid, alongside other significant short positions in major cryptocurrencies, reflecting aggressive trading strategies in the decentralized finance ecosystem.
Key Points
1. A smart wallet opened a 40x leveraged Bitcoin short position on Hyperliquid, valued at approximately $17.865 million with an average entry price of $117,700.
2. The same address also placed a 25x Ethereum short position worth $15.34 million on the same platform.
3. The address has realized a cumulative profit of $34.25 million from its trading activities.
4. The trades highlight aggressive short-selling strategies within the decentralized finance (DeFi) ecosystem.
Description
On July 12, on-chain analytics revealed a notable smart wallet initiating a 40x leveraged Bitcoin short position on Hyperliquid, valued at approximately $17.865 million. The average entry price for this
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