A smart money increased its Bitcoin short position by 40 times, with an average entry price of $117,700

This article is machine translated
Show original

On July 12, according to on-chain data, a certain smart wallet added a 40x Bitcoin short position on Hyperliquid 20 minutes ago, with the current Bitcoin short position value reaching $17.865 million, with an average entry price of $117,700.

This address currently holds multiple mainstream cryptocurrency short positions on Hyperliquid, such as a 25x ETH short position worth $15.34 million. The address has accumulated a total profit of $34.25 million, but has incurred a loss of $4.2 million in the past 7 days.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments