Whale Holds $48M 20x Shorts on BTC ETH SOL as Prices Stabilize

A newly created wallet has opened and is maintaining nearly $48 million in 20x leveraged short positions on Bitcoin, Ethereum, and Solana via Hyperliquid. The bearish bet, first reported on June 21 after a 6.68 million USDC deposit, includes 430.64 BTC ($27.46M), 4,280 ETH ($7.37M), and 181,245 SOL ($13.24M). With BTC trading near $63,888, ETH at $1,732, and SOL near $73.96, the high-leverage exposure could intensify selling pressure or trigger liquidations on any rebound, adding short-term volatility to crypto markets.