The post BTC Whale Sees $4.886 Million Profit from 20x Short Position on Hyperliquid appeared on BitcoinEthereumNews.com.

On March 8th, 2023, COINOTAG News reported significant gains in the cryptocurrency market as an on-chain analysis revealed a notable whale transaction. An entity identified as @ai_9684xtpa has established a 20x short position on Bitcoin (BTC) via Hyperliquid, currently reflecting an astonishing unrealized profit of $4.886 million. This strategic move underscores the volatility inherent in the cryptocurrency landscape, particularly in reaction to market fluctuations. Moreover, this whale account has also placed a 30x short position on Ethereum (ETH), which is now resonating with a profit of approximately $190,000. This position was initiated at a rebound price of up to $2,658, indicating a calculated risk at a pivotal market juncture. Such insights exemplify how experienced traders leverage advanced tactics to navigate market complexities and capitalize on price movements effectively. Source: https://en.coinotag.com/breakingnews/btc-whale-sees-4-886-million-profit-from-20x-short-position-on-hyperliquid/

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Filed under: News - @ March 8, 2025 3:16 am