A certain whale missed the market and got stuck chasing the all-time high. After breaking even, they turned around and made a $21 million bet on a short-term rebound.</p>

BlockBeats News, April 28th, according to Hyperinsight monitoring, at 00:00 today, a whale on the Hyperliquid platform emptied the market after yesterday's two rounds of BTC price drop. Subsequently, the whale went long 390 BTC with 40x leverage, with a position size of about $30 million, instantly becoming the second-largest BTC short on-chain. The average entry price was $76,696, with originally planned take-profit at $75,800.

However, the buy-the-dip at the low point did not experience the expected drop, and the morning market rebounded today, causing the position to quickly fall into unrealized losses. Subsequently, the current price fell back to near the entry price in the last ten minutes before the article was written, and the whale exited at breakeven, experiencing a small loss of about $20,000.

Immediately after closing the position, the address opened a 40x leveraged long position on BTC in an attempt to catch the bottom, with the current size reaching $21.4 million. The take-profit was set at $77,330, and the stop-loss was set at $76,000, shifting the focus to betting on a short-term rebound.

Address: 0x8ca341db4a455dec932ed6a29b16e75fa06ac22d