Whale Prepares for the Biggest Downturn
This trader has opened more than $90 million in short positions spread across several cryptocurrencies:
ETH
BTC
$ZEC
XRP
$SUI
$NEAR
and numerous altcoins
Notably, he isn’t betting on the decline of just one coin
but rather appears to be preparing for a broad downturn across the entire crypto market
This coincides with showing that the positions of large traders on Hyperliquid are currently skewed toward short positions
The latest tracking puts the share of short positions at around 53% of the total tracked whale positions
But here’s the interesting part
If this whale is right and the market starts to fall, the sheer volume of short positions could lead to massive profits
However, if BTC reverses course and coins start to rise
more than $90M in short positions could turn into fuel for a short squeeze
Is this whale anticipating an upcoming crash, or is he positioning himself at the center of the biggest short squeeze?
This trader has opened more than $90 million in short positions spread across several cryptocurrencies:
ETH
BTC
$ZEC
XRP
$SUI
$NEAR
and numerous altcoins
Notably, he isn’t betting on the decline of just one coin
but rather appears to be preparing for a broad downturn across the entire crypto market
This coincides with showing that the positions of large traders on Hyperliquid are currently skewed toward short positions
The latest tracking puts the share of short positions at around 53% of the total tracked whale positions
But here’s the interesting part
If this whale is right and the market starts to fall, the sheer volume of short positions could lead to massive profits
However, if BTC reverses course and coins start to rise
more than $90M in short positions could turn into fuel for a short squeeze
Is this whale anticipating an upcoming crash, or is he positioning himself at the center of the biggest short squeeze?
