🚨🚨 BREAKING NEWS🚨
At 3:05 PM
The super whale has increased their long position $BTC from $800M to $1B
It is highly likely they are balancing the ratio and long-short volume on Hyperliquid
This balancing act helps obscure the fact that there are currently a lot of open short orders on Hyperliquid
If you are a trader and discover that 80% of players are currently shorting the market, what would you do?
To prepare for that, this super whale has an important task to open and close orders, adjusting the volume of their long orders to balance with the current market
Their long position accounts for 30% of the total long positions on Hyperliquid at the moment
Creating a feeling that the market is balanced
But in reality, the market is in a short squeeze state and prices will continue to rise until a true equilibrium is reached