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Whale builds short bets, but Fed liquidity expansion supports bitcoin

A whale in the Hyperliquid ecosystem has built $70 million in short positions in cryptocurrencies and tokens linked to major tech stocks, heightening caution among bitcoin investors. Bitcoin briefly fell back below $80,000 on May 13. The account has previously posted large profits but has recently shifted to short bets on Hyperliquid, bitcoin and other linked tokens. Data suggest it typically closes positions within a week.