Crypto Whale Initiates $122M Leveraged Short Positions on Hyperliquid After Selling $20M BTC Spot
On December 19, a crypto whale linked to address 0x94d shifted strategy by moving about $20 million in spot Bitcoin on-chain and selling it to open leveraged shorts on Hyperliquid, according to HyperInsight. The whale now holds $122 million in open interest, including a $120 million BTC short entered at $87,300 and a $2.14 million ETH short at $2,920. The BTC position shows a $1.26 million unrealized loss with a $101,000 liquidation price, making the address Hyperliquid’s largest BTC short holder.