Bitcoin whale increases BTC short to $121M with 10x leverage
Crypto Briefing
A Bitcoin whale increased their leveraged short position on BTC to $121 million on the Hyperliquid platform.Summary
A major Bitcoin whale, identified as #BitcoinOG by Lookonchain, has aggressively increased their short position on Bitcoin to $121 million, utilizing 10x leverage on the Hyperliquid trading platform. This move signals a renewed bet on price declines amid current market volatility. The trader has a documented history of successfully closing profitable shorts just before market crashes and subsequently resuming aggressive shorting strategies after market rebounds, indicating active management of leveraged positions to capitalize on downturns.
(Source：Crypto Briefing)