Whale Bitcoin Rises While BTC, ETH, and SOL Make Massive Additions to Shorts! - Coin Bulletin

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On the HyperLiquid platform, a whale trader increased their short positions in Bitcoin, Ethereum, and Solana with 3x leverage by investing a total of 29 million dollars worth of USDC along with their latest investment.

A noteworthy development is occurring in the cryptocurrency markets. According to data shared by Onchain Lens, a large investor continues to take significant short positions on the HyperLiquid platform. Most recently, with a $12 million USDC investment made on May 12, this whale's total investment has reached $29 million.

The total value of short positions opened with 3x leverage in three major cryptocurrencies has now exceeded 68.9 million dollars. However, due to the recent volatility in the market, the positions are currently at a floating loss of 3.32 million dollars.

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Interestingly, while a whale trader is losing on short positions, another ETH whale is moving in the opposite direction to achieve significant gains. Thanks to the rise in Ethereum prices, this whale, which took a double-leveraged position, made over 10 million dollars in profit in just 3 days. Between May 8-9, this investor, who opened positions more than twice the size, currently has a position at the level of 17,702 ETH.

These opposing positions highlight the divergence of opinion in the market and the different strategies of investors. On the one hand, Ethereum's 30% rise after the Pectra update is pleasing to long position holders, while on the other hand, some large investors are increasing their short positions in anticipation of a correction.

Looking at the previous posts of Onchain Lens, it can be seen that the whale taking short positions has systematically increased its positions. By investing an additional 2 million dollars on May 9, the whale raised its total investment to 17 million dollars, having previously invested 15 million dollars worth of USDC on May 8 to open short positions in BTC, ETH, and SOL.

As an interesting detail, according to Onchain Lens's sharing, this whale trader had previously managed to make a profit of 5.54 million dollars with similar strategies. Such large positions may indicate increasing volatility in the cryptocurrency market in the coming days.