The post Bitcoin Whale Shortens Position with $74.5 Million Bet on Hyperliquid Amid Price Surge appeared on BitcoinEthereumNews.com.

On April 23rd, COINOTAG reported significant activity within the cryptocurrency market, highlighting two prominent wallet addresses that are believed to be linked to a single whale investor. According to data from lookonchain, this entity executed a substantial short position on Bitcoin (BTC) via Hyperliquid, employing a 6x leverage. The short entries were made at advantageous prices of $92,469.1 and $92,664.8, accumulating a total position size of approximately $74.5 million. Notably, the liquidation prices for these positions stand at $107,220 and $107,160, respectively. This strategic move underlines the continuing volatility in the cryptocurrency market, where institutional players are actively managing risk and optimizing their exposure to Bitcoin’s price fluctuations. Source: https://en.coinotag.com/breakingnews/bitcoin-whale-shortens-position-with-74-5-million-bet-on-hyperliquid-amid-price-surge/

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Filed under: News - @ April 23, 2025 5:24 am