Whale Wallets Open $340M in Bitcoin Shorts on Hyperliquid Near $64K

BitcoinWorld Whale Wallets Open $340M in Bitcoin Shorts on Hyperliquid Near $64K In a notable move that has caught the attention of derivatives traders, four whale addresses on the decentralized perpetual futures exchange Hyperliquid have collectively opened short positions on Bitcoin (BTC) worth approximately $340 million, with entry prices clustered around the $64,000 mark.

The activity was flagged by on-chain analyst The Data Nerd, who shared the details on social media. Details of the Whale Short Positions According to The Data Nerd’s analysis, the four whale wallets initiated these short positions within the past few days.

The individual positions are as follows: 1,792 BTC (approximately $114 million) 1,576 BTC (approximately $100 million) 1,200 BTC (approximately $76.5 million) 806 BTC (approximately $51.4 million) These sizable short bets come at a time when Bitcoin has been trading in a relatively tight range, with $64,000 serving as a key resistance level.

The concentration of short positions near this price point suggests that these whales anticipate a potential downside move or at least a rejection from current levels.