CoinEx News: A Hyperliquid whale opened about $70 million in bearish positions across crypto and technology-linked markets on May 13, as BTC slipped below $80,000. Cointelegraph cited Hyperdash and app.trade.xyz data showing roughly $49 million in HYPE shorts, $12.5 million in BTC shorts, and $8 million in synthetic tokens tracking Sandisk and the Nasdaq-100; the address had about $42 million in historical profits and recently closed profitable long trades.

The positioning points to short-term risk hedging across crypto and tech rather than a clean bearish macro break, keeping BTC sensitive to oil, Treasury yields, and Fed liquidity signals.