According to @EmberCN, prominent trader @qwatio increased his short position by adding 18,000 ETH (valued at $63.28 million) within the past hour, and also expanded shorts in XRP and SOL. Since opening these short positions early yesterday, @qwatio has already realized an unrealized profit of $6.41 million. He is currently holding short positions in BTC, ETH, XRP, and SOL, indicating a strong bearish sentiment across major cryptocurrencies. These substantial positions and profits signal increased volatility and potential downward pressure in the crypto market, especially for ETH, XRP, and SOL. Source: @EmberCN.

According to Lookonchain, Abraxas Capital has realized over $13 million in total profits from two wallets on Hyperliquid by shorting Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) with 10x leverage as a hedging strategy against spot holdings. This trading activity demonstrates the effectiveness of leveraged short positions for risk management during volatile crypto markets, and the success of these trades suggests growing institutional adoption of advanced derivatives platforms like Hyperliquid. Crypto traders are closely monitoring Abraxas Capital’s moves as indicators of institutional sentiment and the broader trend toward professionalized risk management in digital assets (Source: x.com/lookonchain/status/1928352875127652683, hyperdash.info).

According to Lookonchain, a trader deposited $1.21 million USDC into Hyperliquid and initiated a significant 20x leveraged short position on Solana (SOL) at $164.9. The position size reached 97,500 SOL, equivalent to $16 million, with a liquidation price set at $172.96. This aggressive short highlights notable bearish sentiment and could increase SOL market volatility as traders monitor the liquidation threshold closely. Large leveraged positions like this often impact funding rates and liquidation cascades, affecting both perpetual markets and broader crypto sentiment (source: Lookonchain via Twitter, May 9, 2025).