Crypto Whale Opens $332,000,000 Bitcoin Short Position, Sees Profits Even After Getting Hunted: On-Chain Data - The Daily Hodl

Crypto Whale Opens $332,000,000 Bitcoin Short Position, Sees Profits Even After Getting Hunted: On-Chain Data

A crypto whale with a history of profitable trades has managed to come out on top after opening a massive short position on Bitcoin (BTC). Blockchain analytics firm Lookonchain says a deep-pocketed trader built a 3,940 BTC short position worth $332 million by ramping up leverage to 40x. Short-selling is the act of borrowing an…

Hyperliquid Bitcoin Whale Speculated to be a Cybercriminal

Hyperliquid whale short closed their position with a $9 million profit CT thinks this might be a cybercriminal gambling stolen funds A trader opened a massive $376 million short position on Bitcoin with 40x leverage Cyber Twitter (CT) had its hands full in the last few days when a big cryptocurrency trading event took place on the decentralized exchange Hyperliquid. Namely, a whale who’d shorted Bitcoin, walked away with a $9 million profit. Now…

Crypto Whale Opens $332,000,000 Bitcoin Short Position, Sees Profits Even After Getting Hunted: On-Chain Data - The Daily Hodl

A crypto whale with a history of profitable trades has managed to come out on top after opening a massive short position on Bitcoin (BTC). Blockchain analytics firm Lookonchain says a deep-pocketed trader built a 3,940 BTC short position worth $332 million by ramping up leverage to 40x. Short-selling is the act of borrowing an asset from an exchange or broker to sell it in hopes of buying back lower to pocket the difference. According to Lookonc…