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Crypto

Whale Wagers Hefty Short Bets Against BTC and ETH Amid Market Volatility

Guavy AI Editorial Team
Instruments
HYPE BTC ETH USDC
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An anonymous cryptocurrency whale has placed a significant bearish bet on Bitcoin and Ethereum.

The whale, who deposited 8 million USDC into Hyperliquid roughly 30 minutes before opening the positions, initiated two separate short positions using 20x cross leverage.

The Bitcoin short is valued at $46.94 million, with an average entry price of $78,032, while the Ethereum short is worth $24.89 million, with an average entry price of $2,479.

This large short position comes amid a period of heightened volatility in the cryptocurrency market, and traders are closely watching for potential signals of short-term directional bias.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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