According to data provided by cryptocurrency analytics platform CoinGlass, a massive Bitcoin whale has increased his short position to an eye-popping $515 million on the Hyperliquid platform.
In fact, this is now believed to be the largest Bitcoin short ever.
As reported by U.Today, the whale opened a short position of $332 million with a 40x leverage last week, causing a significant stir.
After facing a multi-million loss on Monday, the trader has made a stunning comeback. His current unrealized profit stands at $6.43 million.
Meanwhile, the Bitcoin price has just dipped below the $83,000 level.
