A notable Bitcoin whale, identified as ‘195DJ’, has made a significant move by transferring 2,000 BTC to Coinbase. This action could be a precursor to increased selling activity.
The individual, known for taking short positions on Hyperliquid—a decentralized exchange specializing in perpetual contracts—shifted over $200 million worth of digital currency to the prominent American exchange platform.
Hyperliquid is renowned for enabling high-leverage trading. Recently, it has witnessed strategic exits from major traders who have been unwinding substantial short positions amidst fluctuating market conditions rather than engaging in widespread sell-offs.