An unidentified smart wallet recently executed highly leveraged short positions exceeding $33 million in Bitcoin and Ethereum on the decentralized derivatives platform Hyperliquid, signaling aggressive trading tactics within the DeFi sector.
The wallet opened a 40x leveraged Bitcoin short position valued at approximately $17.865 million with an average entry price of $117,700. Simultaneously, it established a 25x leveraged Ethereum short worth $15.34 million on the same platform.
Cumulative realized profits from the wallet’s trading activities have reached $34.25 million, underscoring sophisticated risk appetite and short-selling strategies permeating decentralized finance ecosystems. Such high-stakes leveraged positions highlight evolving institutional-grade trading behavior in on-chain derivatives markets.