Big player strikes hard! 40x long position on Bitcoin, but the second player goes short?

A whale starting with 0x4a20 has just increased its 40x long position on Bitcoin on Hyperliquid—adding 108.67 BTC, bringing the total position to $47.31 million, currently with an unrealized profit of $725,000, and the liquidation price is around $78,396.

On the other hand, this big player has opened a $28.64 million 25x short position on Ethereum, with an entry point at $2,456, currently with an unrealized loss of $325,000, and the liquidation point is as high as $3,555.

Is this a hedge or a clear direction? This wave of operations has released quite a signal.

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