A $200M Bet Against the Market .. and It’s Actually Working🤡.
This wallet is basically staring the market in the eyes and saying, “I’m not scared.” On Hyperliquid, the top
$BTC short and one of the biggest ETH shorts just stacked nearly $200 million in pure downside bets.
Right now, the account is running a 40x short on BTC ... 1,073.5 BTC in size, worth about $98.95M. The entry sits at $92,469.3, with BTC trading currently around $92,176. Liquidation is up at $94,638.9, margin posted is roughly $2.47M, and it’s already floating about $314K in profit. Even funding is in their favor, sitting a