A crypto trader on Hyperliquid has earned $2.7 million in total profit by maintaining an aggressive short position, with 81% of their portfolio betting on price declines. The largest bet is a $13.57 million short on Hyperliquid's native token HYPE, which alone has generated $539,000 in profit. This strategy bucks the typical crypto trend of long positions, capitalizing on market downturns and volatility. The trader remains anonymous, and the positions are still open, meaning future market moves could impact profits significantly.
Bitcoin and Ethereum posted solid daily gains, with Bitcoin up 2.21% to $64,054.40 and Ethereum rising 2.57% to $1,684.08. This rally is driven by increased dominance of these large-cap cryptocurrencies, signaling investor preference for quality and ...
Hyperliquid's token price climbed above $60 following a surge in futures open interest to $2.56 billion, surpassing XRP. This rise is driven by growing speculation around SpaceX's upcoming public market debut, with traders using Hyperliquid's synthet...
A Hyperliquid trader known as a "perma-bear" holds an 81% short position with a $2.7 million all-time profit, primarily from a $13.57 million short on the HYPE token, which is up $539,000. The trader also profits from shorts on Ethereum and Bitcoin. ...
Kalshi has introduced perpetual futures contracts for Hyperliquid (HYPE) in the US following clearance from the Commodity Futures Trading Commission (CFTC). These contracts have no expiration and feature zero trading fees during an introductory perio...
Bitcoin rose 1.6% to $63,550 following President Trump's announcement of nearing peace with Iran, easing market fears and boosting cryptocurrencies and equities. SpaceX launched its historic IPO on Nasdaq, raising $75 billion and reaching a $1.78 tri...
