Whale Bets Big on Shorting ETH and XMR with $61.9 Million Position

According to onchain data, on January 16, a crypto whale deposited 3 million USDC into HyperLiquid and opened high-leverage short positions. The trader went 25x short on Ethereum (ETH) and 5x short on Monero (XMR), with the total position value reaching $61.9 million.

The breakdown of the positions is as follows:

• 18,260.74 ETH, currently valued at approximately $60.63 million
• 1,838.06 XMR, currently valued at approximately $1.27 million

This move indicates the whale's notably bearish outlook on the short-term trajectory of the crypto market.