A $200M Bet Against the Market .. and It’s Actually Working🤡.

This wallet is basically staring the market in the eyes and saying, “I’m not scared.” On Hyperliquid, the top $BTC short and one of the biggest ETH shorts just stacked nearly $200 million in pure downside bets.

Right now, the account is running a 40x short on BTC ... 1,073.5 BTC in size, worth about $98.95M. The entry sits at $92,469.3, with BTC trading currently around $92,176. Liquidation is up at $94,638.9, margin posted is roughly $2.47M, and it’s already floating about $314K in profit. Even funding is in their favor, sitting at +$5.5K.

On the $ETH side, it’s even heavier. A 25x short on 31,093 ETH, valued near $98.91M. Entry is $3,269.91, mark price around $3,181.2, liquidation at $3,264.97, with $3.95M in margin. This leg alone is up over $2.75M, and funding has paid another +$102K.

All in, the account shows a perp total value of $197.8M, with unrealized PnL hovering around $3.07M and a one-week gain of nearly $2.9M. Direction bias with 100% short.

Address 👉 0xd83516572789f1c782c8298efce58a5600318fd7