Whale Executes Massive 20x BTC Short on Hyperliquid with $10.7M Position

According to recent on-chain data reported by COINOTAG News on June 26th, a significant market participant executed a 20x leveraged short position on Bitcoin (BTC) via the Hyperliquid platform. The whale’s position size was notably substantial, valued at approximately $10.77 million, with an average entry price recorded at $107,733.6. This sizable trade underscores the continued use of leverage in crypto derivatives markets, reflecting sophisticated risk management and speculative strategies among large investors. Monitoring such high-leverage positions is crucial for market participants, as they can influence short-term price volatility and liquidity dynamics within the BTC futures ecosystem.