Crypto asset owner moves $ 540 million into BTC before opening a short

One of the major cryptocurrency holders opened a short position against bitcoin BTC $107,781.00 Mezo Wrapped BTC 0.20% Market capitalization $36.55 million VOL. 24 hours $4.24 billion worth $ 122 million through the decentralized exchange Hyperliquid. According to Arkham Intelligence, the trader transferred $ 30 million in USDC stablecoins to the platform to finance this transaction. The investor’s activity has become the subject of discussion among analysts who point to the growth of market volatility.

This decision was made after the same trader earned about $ 200 million on a previous short when the price of bitcoin fell to around $ 105,000. Over the past week, he also moved approximately $ 540 million in BTC to new wallets, including $ 220 million to the Coinbase exchange.

The new short position was opened at an average price of $ 109,762 with a leverage of 10x. The liquidation level is $ 135,320 — if the price of bitcoin exceeds this mark, the position will be forcibly closed with significant losses.

According to Arkham, the trader controls assets worth more than $ 4.8 billion, the bulk of which is bitcoin and USDC. At the time of publication, the value of bitcoin was about $ 109,544, which is 1.4% less than the day before.

Analysts note that large short positions may indicate both expectations of a further decline and an attempt to influence market dynamics. In any case, such a deal demonstrates the increased sensitivity of the cryptocurrency market after the recent price fluctuations.