Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
On Hyperliquid, a major trader just opened an aggressive 40x leveraged short on Bitcoin after depositing $3 million to fuel the position. This move signals significant bearish sentiment from a whale-sized account.
The same trader isn't putting all eggs in one basket either—they're running a 25x leverage short on Ethereum as well, and that position is already in the green with $1.96 million in unrealized profits. Not a bad start.
Looking at their current exposure: they're holding roughly 1,073.5 contracts worth of BTC shorts, alongside their Ethereum position. These are serious numbers that suggest either conviction in a near-term pullback or hedging against existing long exposure elsewhere.