Whale Increases 40x BTC Short Position by $16.45M Amid $447K Unrealized Loss on HyperLiquid
2025-07-05 06:26:49
Main Idea
A whale address significantly increased its leveraged short position on Bitcoin by $16.45 million, now totaling $70.4 million, but faces an unrealized loss of nearly $448,000 due to Bitcoin's price movements.
Key Points
1. A whale address (0x5D2) increased its leveraged short position on Bitcoin by $16.45 million (138.9 BTC) on HyperLiquid platform.
2. The trader's overall 40x BTC short exposure now totals approximately $70.4 million.
3. The position currently reflects an unrealized loss nearing $448,000, driven by Bitcoin’s price movements since the initial entry at $107,464.40.
4. The leveraged nature of the trade highlights the volatility and risk involved.
Description
On July 5th, data from HyperInsight revealed that a prominent whale address, beginning with 0x5D2, increased its leveraged short position on Bitcoin by $16.45 million, equivalent to 138.9 BTC, on
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