According to on-chain analyst Onchain Lens, a trader who has accumulated approximately $6.46 million in profits on the Hyperliquid platform established a total short position worth about $8.14 million after depositing 1.5 million USDC. Their primary short positions include: SPCX at approximately $2.37 million, DRAM at approximately $1.3 million, and MU at approximately $1.11 million, all with 2x leverage. Additionally, the trader has taken additional short positions across multiple assets.
Hyperliquid Trader Opens $8.14M in Short Positions on SPCX, DRAM, and MU
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Summary
A Hyperliquid trader has opened $8.14M in short positions, including $2.37M in SPCX, $1.3M in DRAM, and $1.11M in MU, all at 2x leverage. The positions align with a value investing approach in crypto, targeting key support and resistance levels. Additional short positions across multiple assets were also reported.
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