Shorting

Shorting is a position that profits when an asset's price falls, the mirror image of going long with the profit and loss flipped. It is structurally riskier than a long: a long can only fall to zero, but a short's losses are open ended if the price keeps climbing. On Hyperliquid a short opens the same way as a long, just selling before you buy back, and a short squeeze can force losing shorts to buy back into a rally and accelerate it further. Before you open one, know where it gets liquidated and whether you're speculating or hedging a spot holding you don't want to sell.