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This Man Is Betting "Against the Entire Crypto Market"😳.
A newly created wallet, 0xaeaa, has made its intentions very clear.
After depositing 6.68M USDC into Hyperliquid, the trader opened three separate 20x leveraged shorts on the biggest assets in crypto: BTC, SOL, and ETH.
Instead of picking one target, this whale is effectively betting on a broad market pullback across the entire crypto sector.
👇Current Portfolio: 👇
$BTC Short (20x Cross)
Position Size: 430.64 BTC, Position Value: $27.55M, Entry Price: $63,848.50, Unrealized PnL: -$52,301, ROE: -3.80%, Margin Used: $1.38M, Liquidation Price: $77,097.30 .
$SOL Short (20x Cross)
Position Size: 181,245 SOL, Position Value: $13.32M, Entry Price: $73.3514, Unrealized PnL: -$24,575, ROE: -3.69%, Margin Used: $665,958, Liquidation Price: $104.2970 .
$ETH Short (20x Cross)
Position Size: 4,280 ETH, Position Value: $7.40M, Entry Price: $1,720.98, Unrealized PnL: -$30,456, ROE: -8.23%, Margin Used: $369,844, Liquidation Price: $3,039.10 .
WE THINK: Using the full 20x available leverage across the account. Despite controlling nearly $48.3M worth of positions, the margin utilization remains relatively moderate, giving the shorts plenty of room to withstand volatility. Still, the message couldn't be clearer:
This wallet is fully positioned for downside, with 100% short exposure and zero long positions. Whether this turns out to be a well-timed macro bet or an expensive attempt to call a top, the trader has already committed nearly $50 million to the idea that crypto prices are headed lower.
Anyways here is his address: 0xaeaab54bbf65bfd6efed7d2eb68372298e3c2416