Anonymous Whale Expands Bitcoin Short Position to $1.21 Billion

A major anonymous Bitcoin investor, known as the ‘1011 Insider Whale’, has significantly increased their short position on the HyperLiquid platform by adding another 100 BTC, now totaling 1,100 BTC. This move represents a significant expansion of their previously established short position valued at $1.21 billion, increasing market attention due to its potential impact on Bitcoin’s volatility and ripple effects across related cryptocurrencies. The whale currently faces an unrealized loss of $535,000.