Photo: Phoebe Dill
Hyperliquid short whale moves 2,000 Bitcoin to Coinbase, signaling potential selling pressure
Large Bitcoin transfers to major exchanges highlight shifting strategies by short traders in response to volatility and asset rotation trends.
A Bitcoin whale known as “195DJ” moved 2,000 Bitcoin to Coinbase today, potentially signaling selling pressure ahead.
The whale, recognized for maintaining short positions on Hyperliquid, a decentralized perpetuals exchange, transferred the digital assets worth over $200 million to the major US exchange.
Hyperliquid facilitates high-leverage trading where whales have been closing significant short positions amid market volatility. The platform has seen tactical exits from large traders rather than broad capitulation in recent months.