On May 19, COINOTAG reported insights from LookIntoChain, indicating that significant changes are occurring in the cryptocurrency market. A well-known trader has made over $15 million in profit on the Hyperliquid platform and is strategically shorting several major cryptocurrencies, including ETH (Ethereum), BTC (Bitcoin), AVAX (Avalanche), SOL (Solana), and USDT (Tether). Notably, the trader's short position in Bitcoin is approximately $4 million, while the short position in Ethereum is larger, around $7.4 million. This whale is taking advantage of market volatility by setting 100 limit orders in advance to execute short trades on ETH at prices ranging from $2460 to $2480. Such tactical moves highlight the ongoing complexity of cryptocurrency trading and the need for investors to stay vigilant.
