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

BTC

BTC/USDT

$85,906.65

+2.26%

$85,906.65

+2.26%

(24s)

24h Volume

$35,282,888,923.60

24h H/L

$87,395.67 / $83,911.93

Change: $3,483.74 (4.15%)

Long/Short

51.7%

Long: 51.7%Short: 48.3%

Funding Rate

+0.0050%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$85,540.05

▼ -1.25%

Volume (24h): -

Resistance Levels

Resistance 3$94,549.91

Resistance 2$87,838.94

Resistance 1$85,999.95

Price$85,540.05

Support 1$84,021.79

Support 2$81,741.54

Support 3$79,890.00

Pivot (PP):$84,955.30

Trend:Uptrend

RSI (14):69.8

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.