40x Leverage and Millions at Risk—Inside One Trader’s Bold Bitcoin Short
A trader on Hyperliquid, known as “Tether FUD,” has placed a massive short bet against Bitcoin using 40x leverage. Putting $16.2 million on the line for a notional value of $379 million.
With an entry price of $84,018 and a liquidation threshold at $86,593, the high-stakes position nearly got wiped out when BTC briefly spiked to $85,059. However, as Bitcoin dipped below $84,000, the trader saw an unrealized profit of around $2.4 million.
Market watchers speculate whether this bold move is based on insider knowledge or pure risk-taking. But for now, “Tether FUD” remains in the green.
Clever Robot News Desk 17th March 2025
