Two Traders Short Bitcoin With $200M in 40x Hyperliquid Positions
Two Hyperliquid traders have opened leveraged short positions worth over $200 million against bitcoin, making them the largest positions on the platform.
BTCUSD
Two large short positions have appeared on Hyperliquid, each using 40x leverage. One is sized at $114 million and the other at $100 million, making them the two largest positions on the platform.
The traders each committed about $5.4 million of their own capital as margin. Their liquidation levels are relatively close: roughly $64,104 and $64,579.
The positioning points to a bearish short-term view on bitcoin among major leveraged traders.
Source: ForkLog