A whale simultaneously increased his Bitcoin short position by 40 times and his SOL long position by 20 times, resulting in a floating loss of $2.15 million in the past 24 hours

On July 16, according to on-chain information, a whale increased their 40x BTC short position by 48.88 coins on Hyperliquid, while simultaneously adding a 20x SOL long position of 5,110.52 coins.

As of the time of writing, the address still holds short positions in multiple mainstream cryptocurrencies, including a 25x ETH short position worth $16.35 million and a 20x XRP short position worth $2.02 million. Affected by these positions, the address has accumulated unrealized losses of over $2.15 million in the past 24 hours.