Hyperliquid short whale moves 2,000 Bitcoin to Coinbase, signaling potential selling pressure
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A Bitcoin whale known as "195DJ" moved 2,000 Bitcoin to Coinbase today, potentially signaling selling pressure ahead.
The whale, recognized for maintaining short positions on Hyperliquid, a decentralized perpetuals exchange, transferred the digital assets worth over $200 million to the major US exchange.
Hyperliquid facilitates high-leverage trading where whales have been closing significant short positions amid market volatility. The platform has seen tactical exits from large traders rather than broad capitulation in recent months.