Large holders invest $4 million in Hyperliquid, building a large short position with HYPE

CryptoMom · 2026-01-21T10:20:00+00:00

Whale address 0xbFC8 has invested $4 million USDC into the Hyperliquid platform and opened a short position with 10x leverage using 554,542 HYPE. This could potentially impact the market.

CryptoMom

2026-01-21 10:20:00

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According to the latest monitoring data from Lookonchain, whale address 0xbFC8 executed a large fund transfer. This major holder invested $4 million worth of USDC into the Hyperliquid platform and immediately built a bold short position with HYPE futures.

Specifically, they opened a 10x leveraged short position of 554,542 HYPE, with the trading volume at the time exceeding $20 million. The current HYPE price is around $21.10 per token, and this large-scale operation has had a significant impact on the liquidity pool of Hyperliquid.

Such movements by major holders are attracting attention among market participants. The high-leverage short position indicates a clear bearish stance on the HYPE price and could influence market sentiment. These on-chain whale trading activities will continue to be closely monitored by market participants.

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