Ethereum News: How a $67M ETH Short Reveals Hyperliquid’s Institutional Leap

In Ethereum news today, Fasanara Capital, a London-based quantitative asset manager, is holding a $67M ETH short on Hyperliquid via an on-chain wallet labeled “BobbyBigSize,” and the directional bet is almost beside the point.

What matters is that institutional-grade capital is now executing complex, multi-leg crypto derivatives strategies entirely on a decentralized venue, in full public view, in a way that would have looked implausible just two years ago.

The position is visible through Hyperliquid’s on-chain explorer at wallet address 0x7fda..17d1. On-chain analytics providers including Arkham Intelligence and Nansen have linked the wallet to Fasanara Capital.

The short sits on Hyperliquid, one of the most closely watched decentralized perpetuals exchanges in the market, a venue that has grown rapidly by offering execution quality and liquidity depth that professional traders previously expected only from centralized exchanges.

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