Arkham links Fasanara-tied whale to $38M BTC short on Hyperliquid while holding $21M ETH long — market on mixed signals as VanEck sees bullish on-chain signs

first published 2026-04-25T02:35:18Z

Arkham traces an address to asset manager Fasanara (aka BobbyBigSize) that holds a $38M short on Bitcoin via Hyperliquid and a $21M leveraged long in ETH. The account has recorded ~$159M profit over seven months but lost $561K in the past 30 days and currently has $19.4M deposited on the platform. Funding rates are negative on Binance and Bybit (bearish leverage demand) while Hyperliquid funding is slightly positive. Bitcoin has risen 29% since Feb. 6 but struggled above $78,000; the whale’s positioning and elevated short funding suggest a possible short-term retest of $75,000.

AI Analysis

Arkham links the address to Fasanara; the account holds a $38M BTC short on Hyperliquid and a $21M ETH leveraged long; funding rates are negative on Binance and Bybit and Hyperliquid funding is slightly positive; the whale has $19.4M deposited and recent P&L shows a $561K loss in 30 days; Bitcoin is up 29% since Feb. 6 but has struggled above $78,000, prompting a possible short-term retest of $75,000.

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