{"id":79400,"date":"2026-10-12T10:52:12","date_gmt":"2026-10-12T10:52:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/shorting-xrp-bitcoin-ether-sol-has-this-near-trader-up-20-million\/"},"modified":"2026-10-12T10:52:12","modified_gmt":"2026-10-12T10:52:12","slug":"shorting-xrp-bitcoin-ether-sol-has-this-near-trader-up-20-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/shorting-xrp-bitcoin-ether-sol-has-this-near-trader-up-20-million\/","title":{"rendered":"Shorting XRP, Bitcoin, Ether, SOL Has This NEAR Trader up $20 Million"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\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 Hyperliquid account long 5.76M NEAR from $2.35 shows a $20.55M paper gain as NEAR trades near $5.82.<\/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 trader also holds about $14.7M in shorts on BTC, ETH, SOL, XRP, BNB, ADA and AVAX, down about $1.33M.<\/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\">NEAR\u2019s rally rides Bitwise\u2019s spot ETF from Sept. 29, and the position\u2019s liquidation price sits near $1.33.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>The Position, Line by Line<\/h2>\n<p>The trade was <a href=\"https:\/\/x.com\/EmberCN\/status\/2109498455064445149\" target=\"_blank\" rel=\"noopener noreferrer\">first flagged by onchain analysts<\/a>, who noted that the trader\u2019s NEAR long had crossed $20 million in floating profit after the token climbed more than 145% in a month. The account\u2019s <a href=\"https:\/\/hypurrscan.io\/address\/0x77375A8c9d13bf79Afb2a87f1B0ac1dFd5F5Bf66#perps\" target=\"_blank\" rel=\"noopener noreferrer\">public Hyperliquid positions<\/a> fill in the blanks and here is what the book looked like as of earlier today:<\/p>\n<ul>\n<li style=\"font-weight:400\" aria-level=\"1\"><strong>NEAR long<\/strong>: 5,756,507 NEAR at an average entry of $2.353, worth about $34.1 million.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\"><strong>Unrealized profit on NEAR<\/strong>: About $20.55 million, a return on margin of more than 1,500%.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\"><strong>Leverage<\/strong>: 10x on a cross-margin account valued at roughly $7.97 million.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\"><strong>Estimated liquidation price on NEAR<\/strong>: About $1.33.<\/li>\n<li style=\"font-weight:400\" aria-level=\"1\"><strong>Short book<\/strong>: Seven coins at roughly $1.9 million to $2.3 million each.<\/li>\n<\/ul>\n<p>NEAR is changing hands around $5.82 today, up about 12% on the day. In early September, the same token traded near $2.30.<\/p>\n<h2>Why Did NEAR Make a Run?<\/h2>\n<p>The timing of the entry matters more than size since the trader was in before NEAR\u2019s biggest catalysts landed. The Bitwise NRR fund, described as the first U.S. spot NEAR exchange-traded fund (ETF), launched on Sept. 29 and pulled in nearly $58 million during its first week. For a token that once required an exchange account to own, that is a new door for brokerage money.<\/p>\n<p>Usage has been climbing alongside price and NEAR Intents, the network\u2019s cross-chain swap layer, <a href=\"https:\/\/x.com\/zacodil\/status\/2107893568442417362\" target=\"_blank\" rel=\"noopener noreferrer\">logged $1.84 billion through the course of September<\/a>. Cumulative Intents volume is now estimated at $31 billion to $33 billion across more than 30 chains.<\/p>\n<p>Lastly, in terms of supply, a governance change in late 2025 cut NEAR\u2019s maximum annual inflation from about 5% to roughly 2.5%, and a <a href=\"https:\/\/x.com\/Altcoinbuzzio\/status\/2105927407811301522\" target=\"_blank\" rel=\"noopener noreferrer\">newer proposal<\/a> would lower issuance again toward 1.6% over two years. Fewer new tokens and fresh ETF demand is the kind of mix leveraged traders hunt for.<\/p>\n<p>Also, when bitcoin pushed toward $84,000 on Sunday, roughly $7.18 million in NEAR positions were liquidated, most of them shorts, per a <a href=\"https:\/\/twitter.com\/KookCapitalLLC\/status\/2109371605767905617\" target=\"_blank\" rel=\"noopener noreferrer\">liquidation heatmap shared<\/a> by Kook Capital.<\/p>\n<h2>The Hedge Nobody Mentions<\/h2>\n<p>Alongside the NEAR long, the wallet runs shorts of about $2 million each on BTC, ETH, SOL, BNB, XRP, ADA and AVAX. That adds up to roughly $14.7 million of bets against the large-cap market.<\/p>\n<p>Those shorts are mostly underwater, with the AVAX short alone showing a loss of about $623,000, ADA roughly $327,000 and SOL about $207,000. The bitcoin short was opened at an average of $79,550, so every move in bitcoin\u2019s price toward $84,000 has cost the account money.<\/p>\n<p>In total, the short side is down about $1.33 million, a small fraction of the NEAR gain.<\/p>\n<p>It is a different style from the all-in directional whales Hyperliquid is known for, as Bitcoin.com News recently tracked an <a href=\"https:\/\/news.bitcoin.com\/featured\/ether-whale-liquidated-69m-hyperliquid-reloads-long\/\">ether whale liquidated<\/a> for $69 million who reloaded 30 minutes later, and a <a href=\"https:\/\/news.bitcoin.com\/market-updates\/32m-bitcoin-short-10-10-crash-anniversary-hyperliquid-whale\/\">$32 million bitcoin short<\/a> betting on the anniversary of last year\u2019s crash.<\/p>\n<h2>What Breaks the Trade?<\/h2>\n<p>NEAR would need to fall about 77% from current levels to hit the estimated $1.33 liquidation mark. Still, 10x leverage on a $34 million position means a 10% NEAR pullback would erase about $3.4 million of the gain in a single move.<\/p>\n<p>Analysts have also warned that NEAR\u2019s relative strength index has at times pushed above 70 to 80, a zone that often signals overbought conditions. However, historically speaking, ETF flows can reverse as quickly as they arrive.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/32m-bitcoin-short-10-10-crash-anniversary-hyperliquid-whale\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/32m-bitcoin-short-10-10-crash-anniversary-hyperliquid-whale\/\"><img alt=\"Does This $32M Whale Know Where Bitcoin\u2019s Price Goes After $82.5K\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fdoes-this-32m-whale-know-where-bitcoins-price-goes-after-82-5k-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">A Hyperliquid trader is sitting on a $32.36 million bitcoin short exactly one year after the 10\/10 crash that erased\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/near-trader-20-million-profit-hyperliquid-shorts-xrp-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways A Hyperliquid account long 5.76M NEAR from $2.35 shows a $20.55M paper gain as NEAR trades near $5.82. The trader also holds about $14.7M in shorts on BTC, ETH, SOL, XRP, BNB, ADA and AVAX, down about $1.33M. NEAR\u2019s rally rides Bitwise\u2019s spot ETF from Sept. [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":79401,"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\/79400"}],"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=79400"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79401"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}