TechFlow, Oct 20 — According to Lookonchain monitoring, two whale addresses have been continuously increasing their short positions on Hyperliquid.
Address 0x8c58 deposited $5.38 million in USDC into Hyperliquid two hours ago, opening a 20x leveraged short position on 1,500 ETH worth $6.06 million.
Address 0x939f has deposited $4.5 million in USDC into Hyperliquid over the past 20 hours, increasing its Bitcoin short position to 394 BTC worth $43.7 million. This address is also shorting SOL, XRP, and Ethereum.
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