Bitcoin Whale Opens 10x Short on BTC and ETH After 255 BTC Move on HyperLiquid

BTC

BTC/USDT

$78,801.78

+1.38%

$78,801.78

+1.38%

(24s)

24h Volume

$31,786,825,241.96

24h H/L

$79,360.00 / $74,604.00

Change: $4,756.00 (6.37%)

Long/Short

72.7%

Long: 72.7%Short: 27.4%

Funding Rate

+0.0023%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$78,878.97

▲ 0.18%

Volume (24h): -

Resistance Levels

Resistance 3$87,812.10

Resistance 2$83,548.34

Resistance 1$79,269.27

Price$78,878.97

Support 1$78,691.06

Support 2$74,604.00

Support 3$63,235.49

Pivot (PP):$78,741.91

Trend:Downtrend

RSI (14):29.7

COINOTAG News, December 19, citing Onchain Lens analytics, reports a large whale deposit and subsequent disposition of 255 BTC on HyperLiquid, valued at $21.77 million. The move underscores persistent on-chain activity among major holders and highlights evolving liquidity dynamics within the Bitcoin network.

In a follow-up, the same address opened a 10x leveraged short position on BTC and ETH, with a reported notional around $77.4 million, including 876.27 BTC ($76 million) and 372.78 ETH ($1 million). This configuration reflects deliberate risk positioning by a major holder and aligns with observed hedging activity across crypto markets during periods of liquidity readjustment.