Whale Dey Short for HyperLiquid After $3.25M Deposit
On September 3, one on-chain whale start one HyperLiquid whale short by put $3.25 million USDC, then open 40× BTC (~$16.6 million) and 25× ETH (~$12.9 million) leverage short. Dis HyperLiquid whale short show say people no too believe in Bitcoin and Ethereum, e fit make price wahala short term. Traders suppose dey watch HyperLiquid order book and funding rate well, handle margin risk carefully, and dey look out for possible fall for BTC and ETH price. Long term, e go depend on how market trend and whale leverage trade go be.
Bearish
Di whale dem get 40× BTC and 25× ETH leveraged short dem dey show say market bearish well well, e fit cause small small short-term price pressure as people go dey sell more and funding rates go high. For history, when whale dem dey do high leverage trade, e dey make market waka crazy with volatility and e fit cause plenty liquidations wey go make price move more. But long term, e depend on how market trend be and if other traders go follow or fight against the move.