A high-stakes crypto whale is making waves after moving a total of $25 million USDC into Hyperliquid, a decentralized perpetuals exchange, to aggressively short $BTC , $ETH , and $SOL — all with 5x leverage.
This isn’t a random move. The whale initially committed $20 million, then doubled down with an additional $5 million. The intent is clear: profit from a broader market correction. But the market isn't playing along — not yet.
Deep in the Red Early On
So far, the short strategy is under pressure. At the time of writing, the whale’s position has already racked up over $700,000 in unrealized losses. High leverage cuts both ways, and with btc and eth rebounding from recent lows — and SOL maintaining strong upside momentum — the timing of this trade is under scrutiny.
This isn’t just a technical position. It’s a statement — and one that’s getting a lot of attention across trading desks and social channels.
Market Sentiment Splits
Some traders interpret this as a signal that smart money anticipates a near-term reversal. Others see it as a poorly timed overbet against a market still showing strength across key assets.
Whether the whale decides to hold, exit, or double down again remains to be seen. What’s certain is this move injects fresh tension — and curiosity — into an already unpredictable crypto landscape.
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