Whale Capitalizes on Binance FUD to Short BNB, Becomes Largest Short on Hyperliquid

Whale Positions Against BNB

According to recent data from HyperInsight, on February 5, a whale address on Hyperliquid held a BNB short position worth about $3.7 million. The average entry price was $753, with a floating profit of approximately $310,000 (+42%). The liquidation price stands at $902, making it the largest short on the platform.

Strategic Short Amidst Market Uncertainty

Interestingly, this address moved around $1.12 million from a Binance wallet to Hyperliquid on February 2 during the FUD period surrounding Binance. Shortly after, it opened a short position with 5x leverage, marking its first trade on the platform. This move highlights the trader's sharp market awareness and timing precision.