Whale Shorts BTC, ETH & SOL with $3.36M USDC on HyperLiquid
On August 13, Onchain Lens detected a whale depositing $3.36 million USDC into HyperLiquid, opening high-leverage short positions on Bitcoin (40×), Ethereum (10×) and Solana (20×). By using HyperLiquid’s margin trading, the whale signaled a bearish outlook on major crypto assets. Such a sizable USDC margin move on HyperLiquid suggests elevated short interest and potential downward pressure. Traders should monitor funding rates, open interest and liquidation risks on HyperLiquid, as large shorts at high leverage can drive volatility and trigger cascade liquidations.
Bearish
A whale’s deposit of $3.36 million USDC to open 40× BTC, 10× ETH and 20× SOL shorts on HyperLiquid points to a clear bearish sentiment. Historically, large leveraged shorts by whales can amplify downward moves through funding pressure and forced liquidations. In the short term, this action may exert downward pressure on prices and heighten volatility on HyperLiquid. Over the long term, if the market drops, the whale profits, but any sudden rebound could trigger a short squeeze, potentially causing rapid price swings.