Whale Switches from Shorting to Longing BTC with $43.72M Position

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On August 27, a whale with address 0x6040b21d shifted from shorting to position trading BTC. Previously, it had shorted $45.17 million worth of BTC, incurring an $831,000 loss. It has now opened a 12x leveraged long position of 554.71 BTC, totaling $43.72 million—making it the eighth-largest BTC position on Hyperliquid, with an average entry price of $80,140.60. The position is currently down approximately $748,000, reflecting a major strategic reversal.

ChainThink reports that, according to on-chain monitoring, the whale address 0x6040b21d shorted $45.17 million worth of BTC between August 24 and 25, incurred a loss of $831,000, and switched to a long position early today.

This address opened a 12x leveraged long position of 554.71 BTC, with a position value of approximately $43.72 million, making it the eighth-largest BTC position on Hyperliquid.

Its average opening price was $80,140.60, with a current unrealized loss of approximately $748,000.

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