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Two whales with 40x leverage "face-to-face" shorting BTC
ChainCatcher news reports that, according to Hyperinsight monitoring, in the past hour, after BTC rebounded above $77k, two whales on the Hyperliquid platform simultaneously opened 40x leveraged BTC short positions near that price level, totaling approximately $9 million, with an average price of about $77,100.
Both addresses have liquidation lines set around $77,900, less than 1% away from the opening average price.