Major investor opens $70 million short position: Is Bitcoin at risk?

Bitcoin (BTC) failed to maintain its upward momentum on Wednesday, falling below the psychological level of $80,000. High oil prices continue to pressure inflation and consumer spending, fueling concerns among traders. This is reported by Cointelegraph.com reports .

A major investor (whale) on the Hyperliquid platform has opened a $70 million short position. These funds are directed toward synthetic tokens linked to cryptocurrencies and major tech company stocks. Analysts believe this investor primarily trades based on short-term technical movements.

The investor's portfolio includes a $49 million HYPE short, a $12.5 million Bitcoin short, and $8 million in positions linked to the Nasdaq-100 index. Meanwhile, the opening of a $1.7 million long position in a gold-backed stablecoin indicates interest in safe-haven assets.

The conflict in the Iran region has pushed Brent crude oil prices above $100. This situation is forcing the Fed to expand its balance sheet to support the financial system. However, such measures are accelerating inflation and limiting the possibilities for lowering interest rates.