2026-01-20 05:29:34

A certain whale user is heavily shorting mainstream cryptocurrencies on the Hyperliquid platform. According to on-chain data, this address is currently the top BTC short seller and the third-largest ETH short seller.

Specifically, it holds a short position of 1,073.5 BTC, using 40x leverage, with a total exposure of $99.43 million, and an average opening price of $92,469; at the same time, this address has also established an ETH short position worth $99.14 million, involving 31,093 ETH, with 25x leverage, and an average opening price of $3,269.91.

Notably, as of now, the overall floating profit and loss of this large short position has reached $2.156 million. This short bet, valued at around $200 million, indicates that major players hold a clear bearish outlook on the short-term market trend. In the current volatile market environment, the position changes of such whales often serve as important market sentiment indicators.

BTC-4,23%

ETH-4,54%

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pumpamentalist

· 01-22 16:51

Wow, this guy's guts are really big. Using 40x leverage to short BTC and still making over 2 million in profit, his heart must be incredibly strong. What if the trend reverses... A short position of around 200 million USD, is he really betting on the market crashing? With such a fierce short, I need to pay attention to the upcoming trend. Those who dare to operate like this are either very smart or very foolish.

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RamenDeFiSurvivor

· 01-21 04:54

This guy is really bold, short BTC with 40x leverage, hoping to get rich from a big drop.

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ProofOfNothing

· 01-20 05:59

Wow, this guy really dares to play. Dropping a short position of 200 million directly Is a crash coming? Or is it just another wave of liquidation?

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AirdropworkerZhang

· 01-20 05:59

This whale is really ruthless. How bearish must they be to hold a $200 million short position?

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GasBankrupter

· 01-20 05:57

Buddy, with this move... playing BTC shorts with 40x leverage, your heart must be really big. This guy made over 2 million and is still adding more. If he's not extremely confident about the market, he's just trying to cause trouble. I just want to ask, what if he gets liquidated in the opposite direction? Would 200 million dollars just disappear?

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GrayscaleArbitrageur

· 01-20 05:57

Damn, this guy is really bold... risking 40x leverage like that? --- A $200 million short position, not something to joke about --- Something feels off about this rhythm, like waiting for something --- Oh my god, I've already made 2.15 million... I'm still cracking the lock-up --- Another big player on Hyperliquid, this platform really has a lot of vampires --- Being the number one short position, no doubt, but the risk is undeniable --- I just want to know when this guy's shorting reason will be validated --- Opened at the price of 92469, now it should be a blast --- Two hundred million, two hundred million... it's a dream of mine for a lifetime

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SmartContractPlumber

· 01-20 05:54

Using 40x leverage to short BTC, this guy really isn't afraid of liquidation...

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Layer2Arbitrageur

· 01-20 05:48

ok so this whale's basically running a 200M short play on hl... 40x on btc is actually insane leverage. like mathematically that's what, 250 bps liquidation buffer max? one wick and this unwinds catastrophically. already sitting on 2.16M gains tho so fair play i guess

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