A $67 million Ethereum short has been identified on Hyperliquid, a decentralized perpetuals exchange. The position, visible through Hyperliquid’s on-chain explorer, is linked to the wallet labeled « BobbyBigSize » and associated with quantitative institutional asset manager Fasanara Capital. The visibility of positions of this scale on a decentralized venue shows that on-chain platforms are now attracting institutional-style strategies and are no longer reserved for retail traders. This trend represents a structural shift in crypto trading, with risk progressively moving from centralized exchanges to more transparent decentralized platforms.
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