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

BTC

BTC/USDT

$66,969.90

+1.49%

$66,969.90

+1.49%

(24s)

24h Volume

$5,893,102,060.79

24h H/L

$67,284.00 / $65,766.10

Change: $1,517.90 (2.31%)

Long/Short

71.0%

Long: 71.0%Short: 29.0%

Funding Rate

-0.0007%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$66,885.03

▲ 0.72%

Volume (24h): -

Resistance Levels

Resistance 3$74,458.01

Resistance 2$69,708.76

Resistance 1$68,058.24

Price$66,885.03

Support 1$66,155.21

Support 2$64,323.39

Support 3$60,000.00

Pivot (PP):$66,702.02

Trend:Downtrend

RSI (14):42.4

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.