A Whale Takes Profits of $27 Million on BTC Short Position, Plans to Short at Larger Scale Again

BlockBeats News, May 19th, according to Hyperinsight monitoring, a major short position on Hyperliquid significantly closed for profit, simultaneously unwinding BTC and ETH short positions: The BTC short position was closed for approximately 363.2 coins (valued at around $27.8 million) at a closing price of $76,774; the ETH short position was closed for 2808 coins (valued at around $5.98 million) at a closing price of $2,130, with a total closing size of approximately $33.8 million.

After the closure, the address promptly placed a new sell order, planning to short 257.2 BTC (approximately $40 million) in the $77,500 to $78,000 range, and short 4,484 ETH at $2,230 (approximately $10 million).

Address: 0x32008fcb6bbd16532afc83ca8b6c920dde22c407