Trader Expands Short Positions on Multiple Cryptocurrencies

A trader known as '0xD83...Fd7' has increased short positions on HYPE in the last half hour. According to PANews, the trader initially began shorting ETH last Friday and has since expanded to other cryptocurrencies using rolling profits. Currently, the trader holds short positions in BTC, ETH, HYPE, and XMR, with a total value of $261 million. The trader has leveraged an initial capital of 3 million USDC to reach $11 million through rolling shorts. The positions are as follows: - 1,640 BTC short position valued at $150 million, with an entry price of $92,120 and a liquidation price of $94,732, showing a floating profit of $1.98 million. - 31,093 ETH short position valued at $100 million, with an entry price of $3,270 and a liquidation price of $3,269, showing a floating profit of $6.29 million. - 728,000 HYPE short position valued at $16 million, with an entry price of $21.77 and a liquidation price of $30.1, showing a floating loss of $60,000. - 824 XMR short position valued at $450,000, with an entry price of $605, showing a floating profit of $40,000.