A well-known (and unlucky) Hyperliquid DEX whale has built an $80M leveraged position: $40M short on Bitcoin near $68,760, $2M short on the S&P 500, and $37M long on Brent crude oil — all at 7x leverage. The thesis seems to be that geopolitical optimism around a potential US/Israel-Iran ceasefire is overblown and oil prices will spike while risk assets dump. However, this same whale lost $40M in a single day back in February after flipping from profitable shorts to disastrous longs, and has racked up $37M in losses since starting on the platform. The Bitcoin short liquidates at $80K. Given the trader's history, this might actually be a bullish signal.
A Hyperliquid whale is betting $80M on a market crash — but their track record says otherwise
byu/guveniscan inCryptoMarkets
Posted by guveniscan