HuoXing Finance reports that, on August 27, chain analyst Ai Yi (@ai_9684xtpa) monitored that the whale address 0x604…0b21d previously shorted $45.17 million worth of BTC between August 24 and 25, exiting with a loss of $831,000. Early this morning, the address switched to a long position, opening a 12x leveraged long position of 554.71 BTC, valued at approximately $43.72 million, making it the eighth-largest BTC position on Hyperliquid. The average entry price was $80,140.60, with a current unrealized loss of about $748,000.
Whale switches from shorting to going long on BTC with a $43.72M position
MarsBitShare
Summary
On August 27, a whale address (0x604…0b21d) shifted from shorting to position trading BTC. The whale had previously shorted $45.17 million worth of BTC, exiting with an $831,000 loss. It has now opened a 12x leveraged long position of 554.71 BTC, valued at $43.72 million, making it the eighth-largest BTC position on Hyperliquid. The average entry price was $80,140.60, and the position is currently down $748,000. The whale’s position sizing signals a strategic reversal in its market outlook.
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