A huge crypto derivatives speculator that recently made $192 million betting on the crypto market with a curiously timed short has opened up more bearish positions.
The whale trader (0xb317) on the Hyperliquid decentralized derivatives exchange has opened a $163 million leveraged perpetual contract to short Bitcoin (BTC) on Sunday.
The 10x leveraged position is currently valued at $3.5 million in profit, but it will be liquidated if BTC reaches $125,500.
The entity attracted attention from…
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