Whale Opens $74M Combined Short on Bitcoin and SpaceX Contract on June 26

BTC0.83%
SPCX2.03%
According to Onchain Lens, on June 26, a whale trader opened combined leveraged short positions on Hyperliquid, a decentralized exchange for perpetual futures. The positions include a 40-times-leveraged short on Bitcoin worth $60 million and a 10-times-leveraged short on the SpaceX contract (SPCX) valued at $14 million. At press time, the trader faced an unrealized loss of $3 million as Bitcoin was trading at $60,300.
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