Key Takeaways
- A whale known as ‘195DJ’, prominent for holding short positions on Hyperliquid, transferred 2,000 BTC to Coinbase.
- Such large transfers to Coinbase by short-focused whales often indicate impending sell pressure.
A Bitcoin whale known as “195DJ” moved 2,000 Bitcoin to Coinbase today, potentially signaling selling pressure ahead.
The whale, recognized for maintaining short positions on Hyperliquid, a decentralized perpetuals exchange, transferred the digital assets worth over $200 million to the major US exchange.
Hyperliquid facilitates high-leverage trading where whales have been closing significant short positions amid market volatility. The platform has seen tactical exits from large traders rather than broad capitulation in recent months.
Source: https://cryptobriefing.com/hyperliquid-whale-moves-bitcoin-to-coinbase/