Odaily Planet Daily reports, according to on-chain analyst Aunt Ai, the address 0x604…0b21d previously shorted $45.17 million worth of BTC between August 24 and August 25, exiting with a loss of $831,000. This morning, the address opened a 12x long position of 554.71 BTC, valued at approximately $43.72 million, making it the eighth-largest BTC position on Hyperliquid, with an entry price of $80,140.60 and a current unrealized loss of $748,000.
Address Opens 12x BTC Long Worth $43.72M After $831K Loss
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Summary
A blockchain analyst tracked an address (0x604…0b21d) that previously shorted $45.17M in BTC, incurring an $831K loss. On August 27, the address opened a 12x long position of 554.71 BTC, valued at $43.72M, with an entry price of $80,140.60. The position is now the eighth-largest BTC long on Hyperliquid, with a floating loss of $748K. Traders using a stop-loss strategy may closely monitor this move, while others view it as a long-term investment in volatile markets.
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