$BTC
Someone’s making an unusual play on Hyperliquid: shorting NVDA and BTC at the same time.
Just uncovered by Lookonchain: wallet 0xc3ed…00dd.
First, it opened a 10x short on 30,000 NVDA perpetual contracts, with a notional value of $5.44 million and an average entry price of 181.33.
This happened a little over two hours after Jensen Huang admitted to having an affair. NVDA perpetuals were trading around 179 at the time, 4% below Friday’s close of 186.64.
The position is now showing an unrealized profit of over $60,000.
And that’s not all. The same wallet opened a 30x short on 200 BTC early this morning.
The average entry was 75,303, with a notional value of around $15 million. The position was later reduced to 100 BTC.
BTC is now at 74,826, so this trade is also in the green.
The interesting thing is that this person didn’t use a brokerage at all.
They’re using a crypto venue to short a major U.S. stock—and shorting BTC on the side.
They’re betting that BTC won’t hold above 75,000 and that NVDA won’t hold up at the open.
But a whale shorting doesn’t mean I have to follow suit.
The 73,200 level hasn’t broken yet; if it does, the next level to watch is 72,000.
If BTC gets back above 75,000, this position will be in trouble.
On the other side, there’s also a whale buying ETH: 0x3ED0 added 2,722 coins over two days at an average price of 2,242, and is now sitting on an unrealized loss of $270,000.
Some are shorting, others are buying—the disagreement is right there in the open.
U.S. stocks open in a little over an hour. NVDA’s opening price will be the first test for this trade.
October CPI is out Tuesday at 21:30. I’m staying on the sidelines until the data comes out.
Personal analysis, not investment advice.
#Hyperliquid
Someone’s making an unusual play on Hyperliquid: shorting NVDA and BTC at the same time.
Just uncovered by Lookonchain: wallet 0xc3ed…00dd.
First, it opened a 10x short on 30,000 NVDA perpetual contracts, with a notional value of $5.44 million and an average entry price of 181.33.
This happened a little over two hours after Jensen Huang admitted to having an affair. NVDA perpetuals were trading around 179 at the time, 4% below Friday’s close of 186.64.
The position is now showing an unrealized profit of over $60,000.
And that’s not all. The same wallet opened a 30x short on 200 BTC early this morning.
The average entry was 75,303, with a notional value of around $15 million. The position was later reduced to 100 BTC.
BTC is now at 74,826, so this trade is also in the green.
The interesting thing is that this person didn’t use a brokerage at all.
They’re using a crypto venue to short a major U.S. stock—and shorting BTC on the side.
They’re betting that BTC won’t hold above 75,000 and that NVDA won’t hold up at the open.
But a whale shorting doesn’t mean I have to follow suit.
The 73,200 level hasn’t broken yet; if it does, the next level to watch is 72,000.
If BTC gets back above 75,000, this position will be in trouble.
On the other side, there’s also a whale buying ETH: 0x3ED0 added 2,722 coins over two days at an average price of 2,242, and is now sitting on an unrealized loss of $270,000.
Some are shorting, others are buying—the disagreement is right there in the open.
U.S. stocks open in a little over an hour. NVDA’s opening price will be the first test for this trade.
October CPI is out Tuesday at 21:30. I’m staying on the sidelines until the data comes out.
Personal analysis, not investment advice.
#Hyperliquid
