A certain Hyperliquid whale posted on X expressing a short-term bearish view and stopped out $31 million in altcoin long positions.

BlockBeats news, September 29: Trader Boomer (X: solanadoomer1) exited long positions in ten altcoins—ZEC, NEAR, UNI, HYPE, PUMP, ENA, AERO, ONDO, SKY, and PENGU—in quick succession this morning, with a combined size exceeding $31.1 million, before pivoting to short ZEC and NEAR.

This round of exits was primarily driven by closing positions at a loss. The total realized loss was approximately $1.248 million, with only PUMP posting a small profit.

About 5 minutes after closing the ZEC long position, the account began opening shorts. Boomer subsequently posted on X that ZEC may have topped in the short to medium term, potentially first pulling back to around $1,000, then undergoing several weeks of consolidation before the next rally; however, he still believes $5,000 to $10,000 is a reasonable subsequent target.

The account has shifted from holding multiple altcoin long positions to holding approximately $9.707 million in ZEC and NEAR shorts:

ZEC short position of approximately $8.237 million: holding 6,000 coins, average price $1,421.4, unrealized profit of about $291,000.

NEAR short position of approximately $1.47 million: holding about 322,100 coins, average price $4.63, unrealized profit of about $24,000.