Whale Aggressively Shorts BNB
On Feb 5, data from HyperInsight revealed that a whale account on Hyperliquid holds a short position worth approximately $3.7 million in BNB. With an average price of $753, the position has already generated a $310,000 unrealized profit, representing a 42% gain. The liquidation price stands at $902.
Precise Timing of Entry
The whale moved approximately $1.12 million worth of funds from a Binance wallet to Hyperliquid on Feb 2, during a period when rumors surrounding Binance were circulating. Shortly afterward, the whale opened a leveraged short position at 5x, marking their first trade on the platform.
- Whale holds substantial BNB short position
- Funds moved amid Binance-related market turbulence
- Leveraged trade executed as first action on platform