Smart Money Short Nvidia $13 Million on Hyperliquid — Is the AI Bubble About to Burst?
The crypto trading world is currently buzzing about one eye-catching piece of on-chain data: smart money has been recorded opening massive short positions on NVDA (Nvidia) perps on Hyperliquid, with the value reaching $13 million. What makes it even more interesting is that this position isn't just being held, but is continuously being added to — raising a big question among traders: is this the early signal of a sharp correction for AI-based stocks?
It's worth noting that Hyperliquid is indeed known as one of the crypto perpetual futures platforms that also provides perps for non-crypto assets like big tech stocks, including Nvidia. This means crypto traders can now directly "read" market sentiment toward AI stocks through on-chain positioning data, without having to rely on traditional exchange data.
Data On-Chain: Details of Smart Money Positions
Nansen.ai: Perpetual Futures Hyperliquid 7 day
$13 Million Short Value, Big Traders Placing Bearish Bets
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