Odaily Planet Daily report: Hyperbot data shows that Hyperliquid’s largest LIT short just closed all its long positions in Bitcoin and Ethereum, then opened new 10x leveraged short positions on AVAX and HYPE, along with a 20x leveraged short on SOL. Previously, its 3x leveraged short of 2.528 million LIT tokens has incurred an unrealized loss of $5.25 million, with the overall position’s return on investment currently at approximately -115%.
Hyperliquid's Largest LIT Short Holder Opens New Short Positions in SOL, HYPE, and AVAX
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Summary
Hyperliquid’s largest LIT short holder adjusted their trading strategy by liquidating all Bitcoin and Ethereum long positions, then opening 10x short positions on AVAX and HYPE, along with a 20x short on SOL. The trader’s 252.8 million LIT 3x short position has declined by $5.25 million, resulting in an ROI of -115%. Key support and resistance levels for SOL and AVAX may shift as the position expands.
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