DeFiyst|May 25, 2025 15:41
Wynn continues to trade aggressively, now short $1bn BTC and pushing BTC funding negative on Hyperliquid.
Currently the best venue to be long BTC as a result.
Arbitrage flow -> more fees -> great for HYPE.
HL Open Interest Vs CEXs still on the rise.
Also, a new BTC liquidation target of 110.4k🎯👍
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