A major whale with a 10x short position on mainstream cryptocurrencies has an unrealized loss of $1.71 million on Bitcoin shorts and has replenished margin and short positions again

Data: Hyperliquid Platform Whale Current Holdings at $4.803 Billion, Long-Short Ratio at 1.01

Data: $302 million liquidated across the network in the past 24 hours, with $171 million in long positions and $131 million in short positions liquidated

Data: If Bitcoin surpasses $108,000, the cumulative short liquidation intensity on major CEXs will reach $656 million

Data: Stablecoins account for only 1.1% of the US dollar supply (M2)