Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
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On Hyperliquid, a major trader just opened an aggressive 40x leveraged short on Bitcoin after depositing $3 million to fuel the position. This move signals significant bearish sentiment from a whale-sized account.
The same trader isn't putting all eggs in one basket either—they're running a 25x leverage short on Ethereum as well, and that position is already in the green with $1.96 million in unrealized profits. Not a bad start.
Looking at their current exposure: they're holding roughly 1,073.5 contracts worth of BTC shorts, alongside their Ethereum position. These are serious numbers that suggest either conviction in a near-term pullback or hedging against existing long exposure elsewhere.