Rumors of a $20.5 million short position on Hyperliquid are contradicted by data indicating that the funds were used for HYPE accumulation.
Unverified Short Rumors
There are rumors of a multi-million short position on Hyperliquid; however, the data suggests that instead of shorting, the funds were directed toward HYPE accumulation. An anonymous analyst noted: "no evidence of a short-side liquidity shift or significant outflows for ETH, BTC, SOL, DOGE, or HYPE linked to this alleged multi-asset short."
On-chain Data Analysis
On-chain data reveals that the $20.5 million was used for HYPE accumulation rather than shorting major cryptocurrencies like ETH or BTC. Thus, there are no confirmations of significant changes in liquidity or total value linked to shorting activities.
Market Remains Stable
Despite the rumors, major assets like ETH, BTC, and DOGE show no signs of significant outflows or liquidity shifts. Market attention has focused on HYPE, which has seen notable price movements in recent months.
The situation highlights the need for reliable data sources and official confirmations amidst market speculation. Currently, HYPE continues to gain traction, maintaining its steadiness.
