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Here we go again? Million-dollar whales are opening BTC short positions again, this time with more aggressive leverage
【Block Rhythm】 On-chain data shows that a whale, which previously made a large move on the HyperLiquid platform (selling 255 BTC in one go), has recently taken new action. This time, it directly opened a 10x leveraged short position on BTC on the platform, and also increased its ETH short position with 15x leverage. Sounds quite aggressive.
Even more exciting, the combined nominal value of this whale’s holdings has soared to over $50 million. It’s important to note that this is not a trivial number—every small percentage fluctuation can have a real impact on its account.
What signals does this move send? On one hand, it indicates that this whale has a clear view of the market and dares to bet big on a downturn; on the other hand, the 15x ETH leverage ratio also reflects a stronger bearish confidence in Ethereum. In the current environment of increased market volatility, changes in the positions of such large traders can often provide some reference for other traders.