A $68M short position definitely grabs attention, but I'm more interested in what happens next.
Big whales can be right, but even a 100% historical win rate doesn't guarantee the next trade.
The interesting part?
If too many traders lean bearish, a sudden move upward can turn into a painful short squeeze.
Watching positioning, open interest and price action together makes more sense than blindly following one whale.
Let's see how this plays out.
#Bitcoin #Hyperliquid
Big whales can be right, but even a 100% historical win rate doesn't guarantee the next trade.
The interesting part?
If too many traders lean bearish, a sudden move upward can turn into a painful short squeeze.
Watching positioning, open interest and price action together makes more sense than blindly following one whale.
Let's see how this plays out.
#Bitcoin #Hyperliquid
