A certain new address shorted BTC for a profit and then went long, with a long position of $30.5 million.

BlockBeats News, May 28th, according to HyperInsight monitoring, a new address on Hyperliquid has completed a large position opening. The address has now bottomed up with 40x leverage, longing 416 BTC, with a position value of approximately $30.56 million. The average entry price is $73,345, and the liquidation price is at $72,429. Currently, the address has placed a take-profit order and plans to exit at $74,400.

It is reported that this address had deposited $468,000 to the platform yesterday, initiated a significant short position on BTC, and completely closed the position half an hour ago, realizing a profit of $311,000, with a return rate of 66.5%. After closing the short position in the past half hour, the address immediately went long after taking profits.

Address: 0x0df25979a16d993e55bd58d05b6197c71634ab64