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Four Whales Short $342M in BTC Near $64K Ahead of CPI
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CoinEx News: With the U.S. July Consumer Price Index scheduled for release at 8:30 a.m. ET on August 12, Hyperliquid data showed that four wallets had recently built combined BTC short positions totaling 5,374.9 BTC, worth approximately $342.1 million. Their entry prices ranged from $63,999 to $64,419, with two positions using 40x leverage and two using 20x. The largest—a 1,792.6 BTC short—had a liquidation price near $64,103. The wallets have not been proven to share a common owner.

The timing raises the stakes ahead of the U.S. July Consumer Price Index, with consensus expecting headline inflation to rise 0.1% month over month and 3.4% year over year. A hotter-than-expected reading could strengthen higher-rate expectations and pressure risk assets, while a softer-than-expected print or a BTC break above $64,100–$64,600 could trigger forced covering among the closest short positions.

Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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