🚨Hyperliquid whales are going BIG on Bitcoin shorts!!!
They're holding roughly $900M in BTC shorts—almost twice their long exposure. They flipped net short on October 27 and have kept adding since.
The biggest single short? About $178.5M, with an average entry near $76,400.
But those positions tell you what the whales are betting on, not what Bitcoin will do next.
If BTC keeps falling, they make money. If it breaks higher, some shorts may have to cut their losses and buy back. That buying pushes the price up, forcing more shorts to cover. That's how a short squeeze gets going $BTC #Hyperliquid
They're holding roughly $900M in BTC shorts—almost twice their long exposure. They flipped net short on October 27 and have kept adding since.
The biggest single short? About $178.5M, with an average entry near $76,400.
But those positions tell you what the whales are betting on, not what Bitcoin will do next.
If BTC keeps falling, they make money. If it breaks higher, some shorts may have to cut their losses and buy back. That buying pushes the price up, forcing more shorts to cover. That's how a short squeeze gets going $BTC #Hyperliquid
