Short game on Hyperliquid: Counterparty operations of 1770 BTC

GasFeeLady · 2026-01-20T06:26:14+00:00

Recently, an address active on Hyperliquid has attracted attention. The address shorted over 1770 BTC with 20x leverage, amounting to approximately $161 million. Its actions are contrary to the market, with a strategy of short positions. Some analysts believe it is tracking the movements of opponents, indicating the complexity of market game theory.

GasFeeLady

2026-01-20 06:26:14

Abstract generation in progress

【Blockchain Rhythm】 Interestingly, a recently active address on Hyperliquid has attracted attention. On January 20th, around 2 PM, this account took a 20x leveraged short position on Bitcoin, shorting over 1770 BTC in one go, equivalent to about $161 million, with an average entry price just above $91,000.

What’s more intriguing is that this address’s operational strategy is very clear. During the period when Strategy (a certain address or mechanism) was continuously increasing its BTC holdings, it took the opposite approach, simultaneously opening short positions on mainstream coins like BTC and ETH. The timing was very tight. At one point, this address’s short position reached $120 million, making it the largest BTC short on the platform at that time. This kind of adversarial operation, from the data, indeed looks like tracking the opponent’s movements, with a strong market game-playing flavor.

BTC-3,61%

ETH-6,81%

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RugResistant

· 11h ago

yo, 1770 btc short on 20x leverage? that's either genius or a liquidation waiting to happen. the timing against the strategy wallet movements screams coordinated market making tho... sketchy synchronized positions like that always warrant deeper investigation. ngl, the pattern reeks of potential manipulation but need to verify the actual on-chain data myself before drawing conclusions.

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NFT_Therapy

· 11h ago

Damn, 1770 BTC short? This guy's really bold. The timing is so tight, it feels like he's either going against the trend or has insider information.

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MetaMisery

· 11h ago

1770 BTC directly shorted? This guy's guts are pretty big. Just waiting to be liquidated.

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GasDevourer

· 11h ago

Wow, this move is so aggressive, directly shorting 1770 BTC. How clueless can someone be? Playing against the opposing order book like this, it always feels like someone is about to get liquidated. Using 20x leverage to go so big, aren't they afraid of losing sleep at night? This guy has great timing, it feels like he's just messing with others. Interesting. With such fierce shorts, let's see how it all ends. Truly exciting.

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MainnetDelayedAgain

· 11h ago

According to the database, this guy's timing skills are nothing short of an art form... On January 20th around 2 PM, he shorted exactly 1770 BTC. This requires an in-depth understanding of Strategy's accumulation rhythm. It is recommended that this precise targeting ability be recorded in the Guinness World Records, and we await how it ends.

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