Hyperliquid Whale Builds Massive 40× BTC Short, Adds 40× BTC Long and 25× ETH Short

Published: 2025-06-26 08:48:37 |

A Hyperliquid whale (address 0x4a20) has deployed large USDC deposits to open and adjust high-leverage crypto derivatives positions. Initially, the trader opened a 40× BTC short with 1,391.49 BTC (~$150 million) at $106,805.60 (liquidation $110,120) and a 25× ETH short with 25,600 ETH (~$63.7 million) at $2,460.48 (liquidation $2,614.20). In a later update, the whale added 108.67 BTC to a 40× BTC long worth $47.31 million at $106,401 (unrealized profit ~$725,000; liquidation $78,396) while maintaining a 25× ETH short of $28.64 million at $2,456 (unrealized loss ~$325,000; liquidation $3,555). These aggressive positions reflect active risk management and could heighten market volatility for BTC and ETH if prices move against these leveraged bets.

Neutral

The whale’s simultaneous high-leverage BTC long and ETH short positions create offsetting pressures on market sentiment. The initial large BTC and ETH shorts signal bearish outlooks, while the later BTC long adds bullish exposure. This mixed stance suggests traders may see limited directional bias, keeping near-term volatility elevated but without a clear up or down price trigger for either asset.