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Whale opens $73.76 million in leveraged shorts on HyperLiquid

Whale opens $73.76 million in leveraged shorts on HyperLiquid

After closing earlier leveraged crypto shorts for a reported $3.277 million to $4.4 million profit, the address reopened roughly $70.2 million-$70.76 million in Bitcoin and Ethereum shorts on HyperLiquid.

BTC
ETH
SOL

Fact Check
The claim conflates two distinct HyperLiquid whale events. The body — a whale closing BTC/ETH shorts for $3.277M-$4.4M profit and reopening ~$70.2M-$70.76M in BTC and ETH shorts — is well-corroborated by Lookonchain (912.9 BTC + 10,025 ETH = ~$70.2M, $4.4M profit) and Ai 9684/Odaily (912.93 BTC + 10,000 ETH = $70.76M, $3.277M profit). However, the headline figure of '$73.76 million in leveraged shorts' actually belongs to a SEPARATE whale that OnchainLens/PANews report opening 1,002.5 BTC (40x) + 89,695.7 SPCX (10x) — a BTC+SPCX position, not BTC+ETH. Thus the headline number is mismatched with the position it describes. The reopened BTC+ETH shorts total ~$70.2M-$70.76M, not $73.76M, making the headline figure inaccurate as attributed.
Summary

A large trader on HyperLiquid reopened major short positions in Bitcoin and Ethereum after closing earlier leveraged shorts for a reported profit, with sources citing figures ranging from $3.277 million to about $4.4 million. According to Ai Yi and Lookonchain, the address re-entered with about 912.9 BTC and roughly 10,000-10,025 ETH in short positions, valued at around $70.2 million-$70.76 million in total. Ai Yi said the new BTC and ETH shorts were opened at $59,137 and $1,532 respectively and were showing a $1.418 million floating loss at one point. The reports indicate the trader rotated from an earlier basket that included Bitcoin, SPCX and, according to Lookonchain, Ethereum and Solana, into fresh bearish bets focused on Bitcoin and Ether.

Terms & Concepts
  • HyperLiquid: A crypto trading platform for leveraged positions.
  • short positions: Trades that aim to profit if an asset's price falls.
  • floating loss: An unrealized loss on an open position based on current market prices.