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. Across its open positions, the wallet had an unrealized loss of $5.63 million. Its profit over the past 30 days stood at $10.08 million, while cumulative profit reached $122 million. Those profit figures cover different periods from the current tally of open-position losses.

The figures describe one Hyperliquid address, 0x7fda...17d1, rather than Fasanara Capital’s entire portfolio. A short position gains value when the underlying asset falls; a long gains when it rises.