Should You Fade This Whale? 🐋 A Hyperliquid whale is currently sitting on a -$3.54M perp loss over the last 30 days. The position: • $50M BTC short • $17M ETH short • 100% bearish exposure The thesis was simple: Crypto is overextended → correction is coming. But the market moved against him. The interesting question: When a whale is heavily positioned on one side, does the opposite side become the opportunity? Not every whale is right.
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