Two whale addresses short Bitcoin with high leverage on HyperLiquid and have suffered floating losses

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PANews
18 hours ago
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PANews news on May 7th, according to Onchain Lens monitoring, two whale addresses recently conducted high-leverage short operations on BTC at the HyperLiquid platform. Among them, Whale 1 deposited $5.58 million USDC to open a 40x leverage short position, with a position size exceeding $70 million, currently experiencing an unrealized loss of approximately $891,000; Whale 2 deposited $4.90 million USDC to open an 11x leverage short position, with a position size over $56 million, currently experiencing an unrealized loss of about $604,000.

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