Four whale addresses on decentralized perpetual futures exchange Hyperliquid have opened Bitcoin short positions worth about $340 million, or 5,374 BTC, with entry prices clustered around $64,000, a level traders are watching closely for resistance or a broader directional move. The Data Nerd identified the four wallets as holding shorts of 1,792 BTC, 1,576 BTC, 1,200 BTC and 806 BTC, valued at roughly $114 million, $100 million, $76.5 million and $51.4 million. The positions amount to a concentrated bearish wager by large traders on a DeFi derivatives venue, though a move above the entry area could force losses and trigger a short squeeze rather than a selloff.