Whales Bet Against Market, Open $116M Bitcoin Shorts

The Crypto Basic 1 month ago 135

A veteran Bitcoin whale “1011short” has re-entered the market, opening a massive $77 million short position. According to on-chain data, the trader deposited $30 million in USDC ($1.00) to the decentralized exchange Hyperliquid before opening a 10x leveraged short on 700 BTC.

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