Mysterious Hyperliquid trader is doubling down on their Bitcoin short

The Hyperliquid “insider whale” has now put down almost half a billion on a new Bitcoin short at 10x leverage, as the community continues to speculate who they are.

The Hyperliquid whale that banked $192 million shorting the recent market crash has doubled down on their new short position, having now loaded up almost half a billion over the past two days.

According to data from Hyperliquid block explorer Hypurrscan, the whale now has a short position worth around $496 million, at 10x leverage and a Bitcoin (BTC) liquidation price of $124,270.

The whale has more than doubled their bet since yesterday, after initially opening the position with $163 million. It marks yet another aggressive move betting against the market over the past week. 

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