When everyone is cheering for Bitcoin to break 80,000, someone has already placed a $40 million short on the same board.
An address deposited 5 million USDC into Hyperliquid as margin, and with 20x leverage shorted 8,155 units of $ETH and 247.6 units of $BTC at the same time. The total position value is $39.82 million. With 20x leverage and a $39.82 million position, the liquidation level for ETH is around $2,350. ETH is currently trading at $2,523, so an unrealized loss has already occurred.
A person who deposits only 5 million to open a $40 million position is either extremely confident or extremely reckless. Using 20x leverage to short the two largest assets by market cap at this point clearly isn’t a bet on a short-term pullback—it’s a bet that the trend will fully reverse. The position is losing, but it hasn’t been closed, which suggests his view is that this round of上涨 has already reached the final emotional climax.
The longs are celebrating wildly; the shorts are doubling down. On the same candlestick, some see profit, while others see risk. The $40 million short order is still sitting on the board—this blade will cut who, only the price can tell.💀
An address deposited 5 million USDC into Hyperliquid as margin, and with 20x leverage shorted 8,155 units of $ETH and 247.6 units of $BTC at the same time. The total position value is $39.82 million. With 20x leverage and a $39.82 million position, the liquidation level for ETH is around $2,350. ETH is currently trading at $2,523, so an unrealized loss has already occurred.
A person who deposits only 5 million to open a $40 million position is either extremely confident or extremely reckless. Using 20x leverage to short the two largest assets by market cap at this point clearly isn’t a bet on a short-term pullback—it’s a bet that the trend will fully reverse. The position is losing, but it hasn’t been closed, which suggests his view is that this round of上涨 has already reached the final emotional climax.
The longs are celebrating wildly; the shorts are doubling down. On the same candlestick, some see profit, while others see risk. The $40 million short order is still sitting on the board—this blade will cut who, only the price can tell.💀