{"id":182105,"date":"2026-07-27T17:37:00","date_gmt":"2026-07-27T17:37:00","guid":{"rendered":"https:\/\/cryptonews.com\/fr\/news\/ethereum-news-fasanara-capital-short-hyperliquid-defi-institutionnel\/"},"modified":"2026-07-27T09:48:45","modified_gmt":"2026-07-27T09:48:45","slug":"ethereum-fasanara-capital-parie-67m-en-short-sur-hyperliquid","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/fr\/news\/ethereum-fasanara-capital-parie-67m-en-short-sur-hyperliquid\/","title":{"rendered":"Ethereum : Fasanara Capital parie 67M$ en short sur Hyperliquid"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2026\/07\/27093719\/content-inline-1-42.jpg\" alt=\"\"><\/figure>\n\n\n\n<\/p><p class=\"wp-block-paragraph\">Dans l&rsquo;actualit\u00e9 Ethereum du jour, Fasanara Capital, un gestionnaire d&rsquo;actifs quantitatif bas\u00e9 \u00e0 Londres, d\u00e9tient une position courte (short) de 67 millions de dollars sur l&rsquo;ETH via Hyperliquid. Bien que le pari directionnel soit impressionnant, l&rsquo;essentiel est ailleurs.<\/p><p class=\"wp-block-paragraph\">Ce qui importe r\u00e9ellement, c&rsquo;est que des capitaux de qualit\u00e9 institutionnelle ex\u00e9cutent d\u00e9sormais des strat\u00e9gies complexes de d\u00e9riv\u00e9s crypto \u00e0 plusieurs \u00e9tapes enti\u00e8rement sur une plateforme d\u00e9centralis\u00e9e, \u00e0 la vue de tous, d&rsquo;une mani\u00e8re qui aurait sembl\u00e9 invraisemblable il y a seulement deux ans.<\/p><p class=\"wp-block-paragraph\">La position est visible via l&rsquo;explorateur on-chain d&rsquo;Hyperliquid \u00e0 l&rsquo;adresse de portefeuille <code>0x7fda..17d1<\/code>. Des fournisseurs d&rsquo;analyses on-chain, notamment Arkham Intelligence et Nansen, ont li\u00e9 ce portefeuille \u00e0 Fasanara Capital.<\/p><p class=\"wp-block-paragraph\">Ce short est plac\u00e9 sur Hyperliquid, l&rsquo;une des plateformes d&rsquo;\u00e9changes de contrats perp\u00e9tuels d\u00e9centralis\u00e9s les plus surveill\u00e9es du march\u00e9. Ce lieu a connu une croissance rapide en offrant une qualit\u00e9 d&rsquo;ex\u00e9cution et une profondeur de liquidit\u00e9 que les traders professionnels n&rsquo;attendaient auparavant que des bourses centralis\u00e9es.<\/p><h2 class=\"wp-block-heading\">Ethereum News Today : Un short de 67M$ n&rsquo;est pas un simple signal baissier<\/h2><span class=\"replacer\"><\/span><p class=\"wp-block-paragraph\"><span class=\"replacer\"><\/span><\/p><figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> hasn&#39;t lost its key support zone.<br><br>As long as the $1,870-$1,900 support zone holds, Ethereum could rally towards $2,000. <a href=\"https:\/\/t.co\/ClrqnHfgSs\">pic.twitter.com\/ClrqnHfgSs<\/a><\/p>&mdash; Ted (@TedPillows) <a href=\"https:\/\/x.com\/TedPillows\/status\/2080578736068395503?ref_src=twsrc%5Etfw\">July 24, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p class=\"wp-block-paragraph\">La lecture instinctive \u2014 un short massif sur l&rsquo;ETH \u00e9gal un signal baissier \u2014 ne r\u00e9siste pas \u00e0 l&rsquo;analyse du mode op\u00e9ratoire des fonds quantitatifs. Une position courte de cette taille peut \u00eatre un pari directionnel, mais elle peut tout aussi bien servir de couverture (hedge) contre des avoirs ETH au comptant, de compensation pour une exposition sur un carnet d&rsquo;options, d&rsquo;\u00e9tape dans un trade de base (basis trade), ou faire partie d&rsquo;un spread neutre au march\u00e9.<\/p><p class=\"wp-block-paragraph\">Fasanara g\u00e8re des portefeuilles syst\u00e9matiques multi-strat\u00e9gies o\u00f9 les prix relatifs, les taux de financement (funding rates), la liquidit\u00e9 et les relations de volatilit\u00e9 comptent bien plus qu&rsquo;une simple pr\u00e9diction \u00e0 la hausse ou \u00e0 la baisse sur l&rsquo;ETH.<\/p><p class=\"wp-block-paragraph\">Des donn\u00e9es on-chain suppl\u00e9mentaires, rapport\u00e9es par Phemex et attribu\u00e9es \u00e0 Arkham Intelligence, ajoutent une autre dimension : le fonds d\u00e9tiendrait un short ETH suppl\u00e9mentaire d&rsquo;environ 41 millions de dollars sur Hyperliquid. Si cela est exact, cela renforce l&rsquo;id\u00e9e d&rsquo;un positionnement institutionnel coordonn\u00e9 entre plusieurs gestionnaires r\u00e9glement\u00e9s, et non d&rsquo;un simple coup d&rsquo;\u00e9clat d&rsquo;un bureau de trading compte propre.<\/p><p class=\"wp-block-paragraph\">Cela inclut environ 11 milliards de dollars de volume de trading cumul\u00e9 sur Hyperliquid en ETH, BTC, AVAX, HYPE et d&rsquo;autres jetons. C&rsquo;est le profil d&rsquo;un carnet institutionnel syst\u00e9matique \u00e0 haute fr\u00e9quence, et non celui d&rsquo;un trader de d\u00e9tail effectuant un pari directionnel avec levier.<\/p><p class=\"wp-block-paragraph\">L&rsquo;environnement actuel du levier sur l&rsquo;ETH et la dynamique du funding apportent un contexte crucial : dans un march\u00e9 o\u00f9 les taux de financement et l&rsquo;int\u00e9r\u00eat ouvert sont d\u00e9j\u00e0 \u00e9lev\u00e9s, un short institutionnel de cette envergure peut fonctionner comme une compensation structurelle plut\u00f4t que comme un trade de conviction.<\/p><h2 class=\"wp-block-heading\">Hyperliquid devient une infrastructure institutionnelle centrale<span class=\"replacer\"><\/span><\/h2><span class=\"replacer\"><\/span><p class=\"wp-block-paragraph\">Toujours concernant l&rsquo;actualit\u00e9 Ethereum, Hyperliquid a r\u00e9duit l&rsquo;\u00e9cart de qualit\u00e9 entre les d\u00e9riv\u00e9s on-chain et l&rsquo;ex\u00e9cution sur les bourses centralis\u00e9es. \u00c0 tel point qu&rsquo;un fonds g\u00e9rant des mandats de plusieurs milliards de dollars se sent d\u00e9sormais \u00e0 l&rsquo;aise pour maintenir une exposition notionnelle \u00e0 neuf chiffres nativement on-chain.<\/p><figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/p\/no_image.svg\" alt=\"\" class=\" lazyload\" data-src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2026\/07\/27093722\/content-inline-2-13.jpg\" data-srcset=\"\"><\/figure><p>Un appariement rapide, des carnets d&rsquo;ordres de plus en plus profonds et une interface famili\u00e8re pour les contrats perp\u00e9tuels ont r\u00e9ussi l\u00e0 o\u00f9 les plateformes DeFi pr\u00e9c\u00e9dentes avaient \u00e9chou\u00e9 : attirer des flux de d\u00e9riv\u00e9s s\u00e9rieux plut\u00f4t que de simples \u00ab yield farmers \u00bb en qu\u00eate d&rsquo;incitations. L&rsquo;interface de trading d&rsquo;Hyperliquid propose des graphiques avanc\u00e9s et des donn\u00e9es de carnet d&rsquo;ordres en temps r\u00e9el.<\/p><p class=\"wp-block-paragraph\">La cons\u00e9quence structurelle est l&rsquo;\u00e9mergence d&rsquo;un nouveau type de signal de march\u00e9. Le positionnement sur les bourses centralis\u00e9es a toujours \u00e9t\u00e9 d\u00e9duit indirectement, via les taux de financement, l&rsquo;int\u00e9r\u00eat ouvert ou les donn\u00e9es de liquidation. <\/p><p class=\"wp-block-paragraph\">Le trading DeFi institutionnel sur Hyperliquid rend le positionnement au niveau du portefeuille directement observable. Les analystes peuvent suivre quand Fasanara augmente ou r\u00e9duit sa taille, et surveiller les changements de collat\u00e9ral et de position. Cette transparence est pr\u00e9cis\u00e9ment ce que le trading DeFi \u00e9tait cens\u00e9 cr\u00e9er, et elle arrive maintenant \u00e0 une \u00e9chelle institutionnelle.<\/p><p class=\"wp-block-paragraph\">Le fonds d\u00e9tiendrait \u00e9galement une position longue simultan\u00e9e sur le BTC entr\u00e9e autour de 75 950 $, ainsi que des shorts sur TON, AVAX et DOGE. Il s&rsquo;agit d&rsquo;un portefeuille de valeur relative multi-actifs ex\u00e9cut\u00e9 enti\u00e8rement sur une plateforme de perp\u00e9tuels d\u00e9centralis\u00e9e.<\/p><p class=\"wp-block-paragraph\">Cette \u00e9tendue signale qu&rsquo;Hyperliquid fonctionne d\u00e9sormais comme une infrastructure d&rsquo;ex\u00e9cution primaire pour au moins un gestionnaire quantitatif majeur, et non comme une exp\u00e9rience p\u00e9riph\u00e9rique men\u00e9e en parall\u00e8le des carnets r\u00e9els sur Binance ou OKX.<\/p>","protected":false},"excerpt":{"rendered":"<p>L&rsquo;actualit\u00e9 Ethereum marqu\u00e9e par le short de 67M$ de Fasanara Capital sur Hyperliquid. Une avanc\u00e9e majeure pour les d\u00e9riv\u00e9s DeFi institutionnels.<\/p>\n","protected":false},"author":759,"featured_media":182096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"editors":[2551],"sponsored_companies":[],"class_list":["post-182105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","editors-julien-leroy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum : Fasanara Capital parie 67M$ en short sur Hyperliquid<\/title>\n<meta name=\"description\" content=\"L&#039;actualit\u00e9 Ethereum marqu\u00e9e par le short de 67M$ de Fasanara Capital sur Hyperliquid. 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