The whale increased its short position for the third time on Hyperliquid to short GOOGL, with a position of approximately 11220000 USD
BIBIBI
AT A GLANCE
An address added to its short position for the third time at Hyperliquid during Google's sharp decline, shorting GOOGL with a position of approximately 11220000 USD。
Article
🔍 On-chain Detective | A certain whale increases its short position GOOGL As much as 8630000 USD, with a total position of approximately 11220000 USD BlockBeats reports that October 29, according to TradingBeats monitoring, as Google fell 13.7%to record its largest-ever single-day decline, a certain whale (0xfe7c…b7ae）10 minutes ago increased its short position on Hyperliquid against GOOGL(Google), adding to its short position by 8630000 USD, bringing the total position to approximately 11220000 USD。
GOOGL has now continued falling to 293.23 USD, while the whale's unrealized profit increased from 34000 USD to 190000 USD. The short position was opened after the U.S. stock market closed this morning on 296.57 USD, with an initial position of 2050000 USD, followed by an additional 680000 USD; this was the third increase.
Original link https://m.theblockbeats.info/flash/374426
Key points
01
BlockBeats reported that October 29 according to TradingBeats monitoring, the address 0xfe7c…b7ae on Hyperliquid against GOOGL increased its short position 8630000 USD。
02
The total position reported was approximately 11220000 USD。
03
GOOGL fell 13.7%, continuing to fall to 293.23 USD。
04
This short position was opened after U.S. stock market hours at 296.57 USD with an initial entry of 2050000 USD and a subsequent addition of 680000 USD This was the third addition to the position.
05
The whale's unrealized profit expanded from 34000 USD to 190000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short selling is a trade that bets on a price decline. Reports indicate that the address continued increasing its GOOGL short position as the price declined; if the price continues to fall, the short position may generate a profit, while a rebound in the price could result in a loss.
Why it matters to readers
This shows that one address increased its GOOGL short position as the price declined, but the trading of a single address cannot prove that the stock price will continue to fall.
Beginners can use this to understand short selling, adding to a position, and unrealized gains: an increase in a short position does not necessarily mean that prices will subsequently fall.
Risks and unknowns
The report does not provide independently verifiable on-chain or platform records.
The identity of the trader associated with this address is unknown.
The evidence cannot confirm whether this address subsequently added to its position, reduced its position, closed its position, or was liquidated.
Cannot confirm based on this GOOGL subsequent price movement.
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Related concepts
Short Selling
A trader establishes a corresponding-direction contract position in anticipation of the underlying asset’s price falling.
