Whale Boosts BTC Short Positions with $10M USDC Deposit in Hyperliquid

In a significant movement within the cryptocurrency market, data from Onchain Lens reveals that a major investor, often referred to as a whale, has recently injected 10 million USDC into Hyperliquid to bolster its 5x leveraged short positions on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This strategic maneuver has escalated its overall investment in Hyperliquid to an impressive 50.5 million USDC. Notably, the whale’s short position in BTC alone is estimated at over $109 million, reflecting a broader trend of increasing shorting activity in the crypto space. Cumulatively, the total short positions held by this investor surpass $230 million, underscoring a calculated approach to shifting market dynamics. As the volatility in the crypto sector continues, such substantial investments highlight the potential risks and opportunities for both seasoned traders and newcomers alike.