Takeaways from the conference:
- Hyperliquid Whale opens $70 Million Short Position. Data suggests that it is not a good technical move.
- The Fed’s liquidity injections and rising oil prices could lead to a devaluation of US Treasuries. This would boost Bitcoin, which is a rare macro-asset.
Hyperliquid Whale flips to bearish position on cryptocurrency as Bitcoin falls below $80,000
Bitcoin (BTC), which has been a bullish currency since its inception, failed to maintain this momentum Wednesday. It fell below the psychological level of $80,000. As oil prices continued to rise, traders became increasingly anxious. This was due to the pressure that high oil costs were exerting on consumer spending and inflation. Hyperliquid Whale with historical profits of $42 Million has turned bearish. Investors are now questioning whether recent gains have lost their foundation.
Hyperliquid whale 0x8def…992dae profit/loss, USD. Source: CoinGlass
The Hyperliquid whale at address 0x8def…992dae recently opened a $70 million bearish position on various cryptocurrencies and synthetic tokens tied to major technology stocks. The Hyperdash data and trading platform states that the address is Loracle’s, an early developer in the Hyperliquid eco-system. The account started betting aggressively again in September 2025.
Related: Bitcoin price targets $79K as US PPI inflation hits highest since 2022
The majority of the past profits made by this whale were from bullish trades. This included several successful transactions over the last few months. On Monday, a long position of Bitcoin (BTC), Zcash(ZEC),and Toncoin(TON) was closed, netting a profit of $9.2million in only two weeks. After nine days, this same entity earned $3 million in profit from bullish synthetic oil tokens.
Hyperliquid whale 0x94d373…c933814 position on May 13. Source: app.trade.xyz
In the last seven days, a whale turned bearishly and accumulated a huge $49,000,000 short position on HYPE. These bets were on downside price movements Expanded to include $12.5 Million in Bitcoin short, as well as $8,000,000 in synthetic tokens following chipmaker Sandisk US and Nasdaq-100 Index.
Why does the whale sell BTC, HYPE and tech stocks
A $1.7m long position on a stablecoin backed by gold supports this bearish view. The trade data from app.trade.xyz shows that the trading is algorithmic, and positions are typically less than one week. This suggests that the whale reacts to technical movements rather than fundamental changes in assets.
Brent crude (left) and US 5-year Treasury yield US 5-year Treasury Yield (right). Source: TradingView
Brent crude oil has reached a price of $100 because of the war in Iran. The spike in Brent crude oil prices is likely to push the US Federal Reserve To expand its balance sheets as US Treasury rates spiral out-of-control. Investors are more inclined to look for shelter in assets that have limited supply, as US budget concerns increase.
US Federal Reserve assets in USD millions. Source: St Louis Fed
To relieve financial pressure, the US Fed began accumulating mortgage-backed bonds. This intervention, while it eases the immediate concern of financial institutions, accelerates inflation. Although this remedy is effective, it limits the Fed’s ability to implement expansionary monetary policy, since the Fed does not have the room needed to reduce interest rates.
Even though Bitcoin and tech shares initially respond negatively to signs that the economy is overheating, traders are likely to eventually abandon fixed income investments once the growth of the money supply becomes apparent. A decline in demand for US Treasuries signals a loss of confidence in monetary policy. This is good news for Bitcoin.
Even with the Hyperliquid whale’s impressive track record, it is hard to see any reason for concern about its bets.
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Source: cointelegraph.com
