Hyperliquid Whale Exits Bitcoin Long, Takes 20x Tesla Position
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A Hyperliquid trader down $9 million for the week closed a bitcoin long and shifted into $46 million in leveraged Tesla and chip-stock positions, Bitcoin.com News reported.
A large trader on Hyperliquid has closed a bitcoin long position at a loss and redirected exposure toward Tesla and semiconductor stocks, according to Bitcoin.com News.
The outlet said it first reported on the wallet on Sunday, when the trader held a bitcoin position valued at $98 million with 40x leverage. Its latest headline put the trader’s losses for the week at $9 million.
The new leveraged stock positions total $46 million and include a Tesla bet using 20x leverage. The shift came two days before Tesla’s scheduled earnings report.
Source: Bitcoin.com News
