Renowned trader HyperUnit has opened another $122 million short position on Bitcoin.

Amid Bitcoin's high volatility, which recently fell from $126,000 to $100,000, a crypto whale nicknamed HyperUnit has once again become the focus of Arkham Intelligence analysts. According to the platform, the owner of $4.82 billion in assets opened a new short position against the $122 million rise in BTC prices, while also moving $30 million in stablecoins to the Hyperliquid exchange.

This same trader previously earned approximately $200 million by successfully shorting Bitcoin during the sharp market crash on October 10th. This time, his actions indicate anticipation of a new correction. Over the past week, a major coin holder transferred approximately $540 million in BTC to new wallets, $220 million of which went to Coinbase. According to researchers, this may signal preparations for profit-taking or subsequent hedging of positions.

According to Arkham data, HyperUnit's top holdings include 40,780 BTC worth $4.52 billion, 300,830 USDC, and 771,850 ETH, as well as several altcoins, including 108,360 0xBTC and 50,060 LIMO. Its portfolio has grown by 2.23% in a day, despite the reallocation of funds.

Interestingly, according to Arkham data, the whale's activity is concentrated on a few platforms: Binance remains the primary platform with a transaction volume of $228.97 million, followed by BitGo and OKX. Arkham's charts show that HyperUnit's overall balance has remained positive since 2018, despite periodic drawdowns and active withdrawals.

A new wave of short positions by the whale has fueled speculation among traders, many of whom see HyperUnit's actions as an indicator of a possible decline in Bitcoin's price. Meanwhile, uncertainty remains in the market: after a series of rapid declines and rebounds, BTC continues to trade around $111,000, showing signs of consolidation.

Source: cryptonews.net