4 Whales Bet with 40x Leverage on Hyperliquid, One Shorts $88M BTC

According to Lookonchain, four crypto whales are actively trading Bitcoin on the DeFi platform Hyperliquid using up to 40x leverage. Three addresses are long with a combined $1.03 billion position: 0x5078 is up $14 million, while 0xc653 and 0x46e3 are down $216,000 and $302,000, respectively. Meanwhile, another whale (0x51d9) holds an $88 million short position and is currently up $291,000.

As of May 21, Bitcoin is trading around $107,000, amid predictions it could dip to $80,000–$85,000 before potentially rallying to $180,000–$250,000 driven by institutional flows and global liquidity trends.