Hyperliquid Whale Nets $24M on Bitcoin Short, Gains $9M in Funding
Massive short position pays off as crypto whale rides volatility wave
The Strategy
One trader just pocketed $24 million betting against Bitcoin—while collecting another $9 million in funding fees along the way. The Hyperliquid position demonstrates how sophisticated players leverage derivatives to profit from market movements in both directions.
Funding Fee Bonanza
That additional $9 million didn't come from price action—it flowed directly from perpetual swap funding mechanisms. When shorts dominate, longs pay shorts to maintain positions—creating a revenue stream beyond simple directional bets.
Market Implications
While retail traders chase pumps, institutions build complex strategies around volatility and funding rates. Another reminder that in crypto, the real money often moves behind the scenes—where the only thing more volatile than prices are the profit opportunities for those who understand the mechanics.
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Top Analyst Sees Signs of Improvement
Fang said recent checks show improvement in Alibaba’s Core business. He noted that order activity and customer spending have picked up, helped by stronger engagement in food delivery and in-store services. He believes these trends suggest Alibaba is slowly gaining back momentum in China’s online retail market.
Fang also pointed to progress in the cloud unit. He said demand tied to AI use cases is rising, and Alibaba is seeing more interest from banks, developers, and enterprise clients. In his view, cloud growth may not be explosive yet, but he expects it to improve going forward.
He also highlighted Alibaba’s quick-commerce business, which focuses on fast delivery. The analyst said it has long-term potential if execution continues to improve, though it may take time before it becomes profitable.
Overall, Fang said Alibaba is showing signs of steady improvement. He noted that competition and rising costs still remain risks, but he believes the outlook going into earnings looks better than it did earlier this year.
What Is the Price Target for BABA Stock?
Analysts remain bullish about Alibaba’s stock trajectory. With 19 Buy ratings and two Hold ratings, BABA stock commands a Strong Buy consensus rating on TipRanks. Also, the average Alibaba price target of $198.21 implies about 24.75% upside potential from current levels.
