A certain whale added 1 million USDC margin to Hyperliquid to short the ETH/BTC rate.
According to Deep Tide TechFlow, on December 25, on-chain analyst Ai Aunt (@ai_9684xtpa) monitored that address 0x89B…A7358 added 1 million USDC margin to Hyperliquid 4 hours ago. Currently, this address holds a long position of 218 bitcoin (approximately $19.17 million) and a short position of 5,294.36 ethereum (approximately $15.6 million), forming a bearish position on the ETH/BTC exchange rate.
Data shows that the current ETH/BTC exchange rate is 0.03358, which has fallen more than 22% from the August peak of 0.04328.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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