A trader has opened short positions in both Bitcoin and HYPE with a combined value of more than $10 million, according to on-chain tracking data from OnchainLens cited by BlockBeats on July 17. The trader’s BTC short totals 145 BTC and is valued at $9.31 million, with an entry price of $64,657. The same wallet also holds a short position of 15,000 HYPE worth $938,000, entered at $64.2. The figures indicate a concentrated bearish bet across the two assets, based on the monitored on-chain position data reported in the update.
BlockBeats reported on July 17, citing monitoring by OnchainLens, that a trader opened short positions in HYPE and BTC with a combined value of more than $10 million.
The trader holds a Bitcoin short position of 145 BTC valued at $9.31 million, with an entry price of $64,657. The same trader also holds a short position of 15,000 HYPE valued at $938,000, with an entry price of $64.2.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
