{"id":74384,"date":"2026-06-22T11:40:53","date_gmt":"2026-06-22T11:40:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/a-whale-just-opened-48-million-in-shorts-against-bitcoin-solana-and-ethereum\/"},"modified":"2026-06-22T11:40:53","modified_gmt":"2026-06-22T11:40:53","slug":"a-whale-just-opened-48-million-in-shorts-against-bitcoin-solana-and-ethereum","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/a-whale-just-opened-48-million-in-shorts-against-bitcoin-solana-and-ethereum\/","title":{"rendered":"A Whale Just Opened $48 Million in Shorts Against Bitcoin, Solana and Ethereum"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A new wallet has shorted $48 million against BTC, SOL and ETH at 20x leverage on Hyperliquid.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The position holds 430.64 BTC ($27.46M), 181,245 SOL ($13.24M) and 4,280 ETH ($7.37M).<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Such high leverage means a modest price rebound could liquidate the trader entirely, as recent Hyperliquid blowups have shown.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">Anatomy of the Bet<\/span><\/h2>\n<p><span style=\"font-weight:400\">Onchain analytics firm Lookonchain reported that the wallet, labeled 0xaeaa, <\/span><span style=\"font-weight:400\">moved 6.68 million USDC<\/span><span style=\"font-weight:400\"> onto Hyperliquid before opening the shorts. The breakdown is heavily weighted toward <span>bitcoin<\/span>, i.e. 430.64 <span>BTC<\/span> worth $27.46 million, 181,245 <span>SOL<\/span> worth $13.24 million, and 4,280 <span>ETH<\/span> worth $7.37 million. A second tracker, ai_9684xtpa, <\/span><a href=\"https:\/\/twitter.com\/ai_9684xtpa\/status\/2068876601044128062\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">independently flagged<\/span><\/a><span style=\"font-weight:400\"> the same position, lending weight to the figures.<\/span><\/p>\n<figure id=\"attachment_825042\" aria-describedby=\"caption-attachment-825042\" style=\"width:913px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-825042\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">A short position profits when prices fall, and this one is sized to pay off if the broader market turns lower. Because the trader is using 20x <span>leverage<\/span>, every 1% move in the underlying assets swings the position by roughly 20%, magnifying both potential gains and the risk of being wiped out.<\/span><\/p>\n<p><span style=\"font-weight:400\">Hyperliquid, being designed specifically for perpetual futures (leverage-heavy contracts), has become a dominant venue for high-stakes onchain bets in less than a year. The platform lets traders open large directional positions with relatively little collateral, <span>leverage<\/span> that can result in major liquidations within a matter of seconds.<\/span><\/p>\n<p><span style=\"font-weight:400\">At the time the above-mentioned position was opened, <span>bitcoin<\/span> was trading near $63,800, and thus, for the 20x short to survive, prices need to keep drifting lower or at least hold flat. Any near-term rally puts the trader under immediate pressure.<\/span><\/p>\n<h2><span style=\"font-weight:400\">A Crowded Short<\/span><\/h2>\n<p><span style=\"font-weight:400\">The bet joins a long line of headline-grabbing shorts on the platform, given <span>Bitcoin.com<\/span> News has recently chronicled traders repeatedly dancing on the edge of <span>liquidation<\/span>, including one whose 40x <span>bitcoin<\/span> short faced a <\/span><a href=\"https:\/\/news.bitcoin.com\/hyperliquid-btc-short-20m-40x-liquidation-82236-2026\/\"><span style=\"font-weight:400\">$20.3 million wipeout<\/span><\/a><span style=\"font-weight:400\"> with a <a href=\"http:\/\/www.bitcoin.com\/get-started\/understanding-liquidation-on-perp-dex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidation<\/a> price of $82,236, and another whose <\/span><a href=\"https:\/\/news.bitcoin.com\/hype-whales-accumulate-trader-short-loss\/\"><span style=\"font-weight:400\">$46.5 million short<\/span><\/a><span style=\"font-weight:400\"> backfired as rival <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-bitcoin-whales\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">whales<\/a> accumulated. <\/span><\/p>\n<p><span style=\"font-weight:400\">Such concentrated, leveraged positions can amplify the overarching macro <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatility<\/a>, since a wave of forced liquidations often accelerates the very move a trader is betting against, or sharply against them. That said, w<\/span><span style=\"font-weight:400\">hether wallet \u20180xaeaa\u2019 is positioned early or about to be squeezed will depend on the market\u2019s next leg. <\/span><\/p>\n<p><span style=\"font-weight:400\">With $48 million riding on a 20x short across three of the largest <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> assets, the margin for error is thin, and onchain analysts will continue to keep a close eye on the address (either to see if it adds to the trade or if a quick exit is made). <\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/hyperliquid-whale-48-million-short-btc-sol-eth\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways A new wallet has shorted $48 million against BTC, SOL and ETH at 20x leverage on Hyperliquid. The position holds 430.64 BTC ($27.46M), 181,245 SOL ($13.24M) and 4,280 ETH ($7.37M). Such high leverage means a modest price rebound could liquidate the trader entirely, as recent Hyperliquid [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74384"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74384"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74385"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}