Bullish

Hyperliquid Whale Closes $136M BTC Short for $1.65M Profit, Opens 40x Long

19:22

Top Hyperliquid short seller liquidates $136M BTC position, netting $1.65M profit, then deploys $12.74M into 40x leveraged longs.

Woofun AI reports that the Hyperliquid whale account beginning with 0x66f8, previously the platform's largest BTC short seller, has reversed its stance to long positions. The entity closed all 2,136 BTC short contracts, valued at approximately $136 million, realizing a profit of $1.65 million. Subsequently, it initiated long positions in 200.82 BTC, worth around $12.74 million, utilizing 40x leverage.

WOOFUN AI

Impact Assessment · Quick Read

The shift from a dominant short to high-leverage longs by a major market participant signals a potential change in sentiment among large players on Hyperliquid. While the profit-taking reduces immediate downside pressure, the introduction of significant leveraged long exposure could amplify volatility if BTC prices move against this position.

Generated by WOOFUN AI · For reference only, not investment advice