Hyperliquid Whale $496M 10x Leveraged Bitcoin Short
For di past two days, one Hyperliquid whale don increase im Bitcoin short reach $496 million with 10x leverage, double di previous $163 million position. Hypurrscan data talk say di liquidation price na $124,270 per BTC. Dis Bitcoin short open before di Trump tariff announcement, make people dey speculate say e get insider knowledge.
Di whale pocket $192 million during last week crash and e hold about $900 million combined BTC and ETH shorts. Researchers talk say di wallet belong to ex-BitForex CEO Garrett Jin, but e deny say na im own am. Dis aggressive Bitcoin short show say market get bearish sentiment and e raise risk of volatile squeezes. Traders suppose dey watch funding rates and open interest for early squeeze signals.
Bearish
Di big 10x leveraged Bitcoin short we one whale carry dey increase downside pressure for BTC, e dey show say people get bearish feeling. Di big position dey increase risk of liquidation near di level of $124,270, fit cause cascade sell-offs and squeezes. For short time, funding rates fit spike, open interest fit lead to high volatility. For long term, e still dey cautious becos big leveraged positions fit make market moves big and dem fit become targets for counter-trades wen BTC dey near liquidation price.