Fasanara Capital-Linked Wallet Holds $222 Million in Hyperliquid Positions

A wallet linked to Fasanara Capital held $222 million in open positions on Hyperliquid on Oct. 21, including $192 million in shorts, leaving 86.3% of its exposure on the short side. Its two largest positions were a $51.53 million short in Bitcoin (BTC) and a $51.15 million short in Ether (ETH). The Bitcoin position showed a $774,500 loss, while the Ether position showed a $1 million gain. A $26.33 million Zcash (ZEC) short showed a $1.39 million loss. The wallet also held a $21.68 million long position that showed a $2.64 million loss.