Odaily Planet News: According to Ash Monitor, a whale (0xfb7...e0a3), who previously made $96.67 million in profits through multiple ETH wave trades, liquidated 3,846 BTC long positions one hour ago, worth $350 million, incurring a $3.8 million loss. The entity deposited a total of 35.5 million USDC into Hyperliquid yesterday and added to its BTC long position. At 2 a.m. today, the position reached 3,846 BTC, with an average entry price of $92,096. Due to the BTC price pullback, the entity closed the position this morning at an average price of $91,158 and withdrew the remaining 31.7 million USDC from Hyperliquid back to its on-chain wallet.
Whale Cuts Losses on 3,846 BTC Long Position, Losing $3.8M
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Summary
A whale who previously earned $96.67 million from ETH trading has cut losses on a 3,846 BTC position through position trading, incurring a $3.8 million loss. The whale deposited 35.5 million USDC into Hyperliquid to increase BTC long exposure, reaching a peak position with an average entry price of $92,096. A drop in BTC's price forced the position to be closed at $91,158, with 31.7 million USDC subsequently withdrawn. This move highlights the risks of aggressive position sizing in volatile markets.
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