Trader Opens $50.6M BTC Short Before Trump’s Crypto Speech

An anonymous trader has opened a massive $50.6M short position on BTC perpetual futures on the Hyperliquid decentralized exchange. The large leveraged bet visible in the 10-16x range based on dashboard metrics appeared shortly before President Trump’s scheduled keynote speech the following day.

On-chain alerts and trading data highlighted the position as one of the largest single shorts in recent days, amplifying discussions about whether this reflects genuine market conviction or privileged information.