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- 🔵 #Altcoin Season Index Hits 24#
CoinMarketCap data shows the altcoin season index has climbed to 24, up 2 points from yesterday. Among the top 100 projects by market cap, about 24 have outperformed BTC over the past 90 days. Do you think the altcoin season is true here? Which sectors do you expect to lead the charge? Share your predictions!
🔵 #Saylor Hints at More BTC Buying#
Michael Saylor, founder of Strategy, recently released new Bitcoin Tracker updates. Historically, Strategy tends to disclose BTC accumulation the day after such announcements.
What’s your take—will they increase thei - 🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts! - 🍕 Bitcoin Pizza Day is Almost Here!
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Whale Shorting ETH, BTC, SOL Adds $12M to $69M HyperLiquid Bet
A whale expanded their short position to $69 million across ETH, BTC, and SOL using 3X leverage on HyperLiquid.
Ethereum alone accounts for $1.2 million in unrealized losses amid a 35% price rally this week.
The short position is at risk of liquidation if ETH price rises to $4,489, affecting the entire account due to cross-margin use.
A whale trader has significantly increased their bearish position on the decentralized perpetual exchange HyperLiquid. The wallet has now deposited a total of $29 million to back a $69 million short position on Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) using 3X leverage. This follows a recent $12 million deposit, escalating the risk exposure.
The large-scale short spans the three major cryptocurrencies simultaneously, signaling a high-conviction bearish stance. The Ethereum portion alone accounts for most of the exposure and current losses. According to live data from the exchange’s dashboard, the trader has an unrealized loss of $1.5 million, with ETH contributing $1.2 million to that figure.
Ethereum’s Rally Applies Pressure to Shorts
Ethereum has seen a sharp price increase of 35 percent over the past week, substantially outpacing Bitcoin and other altcoins. This surge has challenged the whale’s short position and threatens liquidation. The ETH short will be liquidated if prices hit $4,489. The use of cross-margin puts the entire account at risk if one asset experiences a sudden spike.
Despite the drawdown, the whale is earning positive funding due to the current market sentiment favoring long positions. This means the short seller collects fees from traders taking the opposite side. However, these gains are minimal compared to the mounting floating losses.
The recent altcoin rally has trimmed Bitcoin’s market share, which is close to slipping below 60 percent. The shift reflects growing investor interest in Ethereum and other altcoins. The timing of the whale’s short strategy has coincided with this change, amplifying the risk.
The post Whale Shorting ETH, BTC, SOL Adds $12M to $69M HyperLiquid Bet appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.