Hyperliquid Whale’s $32M Bitcoin Short Looms One Year After $19B Crash – What’s Next?

A Hyperliquid trader is holding a massive $32.36 million bitcoin short, exactly one year after the infamous 10/10 crash that wiped out over $19.1 billion in leveraged bets across the market.

With $7.19 million in equity and a single open perpetual futures short, the whale’s move is reigniting debate over Bitcoin’s trajectory past the $82.5K level, as analysts watch for potential liquidation cascades or a renewed bullish push that could force the position to cover.