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

BTC

BTC/USDT

$65,707.93

+0.32%

$65,707.93

+0.32%

(24s)

24h Volume

$23,298,561,101.23

24h H/L

$66,025.52 / $63,030.00

Change: $2,995.52 (4.75%)

Long/Short

70.9%

Long: 70.9%Short: 29.1%

Funding Rate

-0.0012%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,274.58

▼ -0.91%

Volume (24h): -

Resistance Levels

Resistance 3$70,602.61

Resistance 2$68,166.32

Resistance 1$65,872.10

Price$65,274.58

Support 1$64,283.09

Support 2$62,510.28

Support 3$60,000.00

Pivot (PP):$64,776.70

Trend:Downtrend

RSI (14):37.3

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.