Fasnara Capital holds $222M Hyperliquid position, 86% short, with $122M lifetime profit
- —86.3% of the $222M book is positioned short
- —$51.53M BTC short is down $774,500
- —$51.15M ETH short is up $1M
- —$26.33M ZEC short is down $1.39M
Why it matters: A large systematic short on Hyperliquid signals that some capital is betting on further declines in BTC, ETH and ZEC.
Source: PANews