$BTC Whale Dumps BTC, Then Flips Aggressively Short on HyperLiquid 🚨💥
A major whale has just deposited and sold 255 BTC on HyperLiquid, converting the position into $21.77M USDC. The move marked a clear shift from spot exposure to derivatives positioning.
Shortly after the sale, the whale opened large short positions with 10x leverage across both BTC and ETH. The combined short exposure now totals $77.4M, indicating strong bearish conviction.
Current short positions:
876.27 BTC short — valued at $76M
372.78 ETH short — valued at $1M
Selling spot BTC first, then deploying high leverage on the short side, suggests this whale is positioning for continued downside and volatility expansion rather than a short-term hedge.
Is this smart money front-running the next leg down?
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