Galaxy Digital's $125M Hyperliquid Move Signals Hedged, Market‑Neutral Play
I note that Galaxy Digital deposited $125 million USDC into Hyperliquid and opened spot buys in ETH, HYPE, BTC, PUMP and FARTCOIN.
Concurrently, they initiated shorts in BTC, ETH, DOGE, PUMP, FARTCOIN and another symbol labeled S, clearly using shorts as hedges against their spot exposure.
This combination of large USDC allocation and offsetting longs and shorts reads as a market‑neutral, liquidity‑provision or relative‑value strategy rather than a directional bullish bet.
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