A Whale Increases Short Position in BTC by 533.02 Coins, Holding Reaches Around $84.02 Million

BlockBeats News, August 11th, according to on-chain analyst Ai Xie (@ai_9684xtpa), the whale that previously held a short position of about $102 million in BTC, once again added to its position after experiencing a maximum drawdown of $811,000.

In the early hours today, the whale increased its short position by 533.02 BTC, bringing the total position size to 1313 BTC, worth approximately $84.02 million. The average entry price is $64,183, with the current unrealized profit standing at around $251,000, still the largest single BTC position on Hyperliquid.

This short position has been open for almost a week since August 5th. After BTC experienced its first drop below $64,000 last night, the short position returned to unrealized profits.