A public Hyperliquid wallet that had fully exited a 40x Bitcoin long of about 1,897 BTC on July 20 has re-entered the market with a smaller bullish position after depositing $8 million in USDC into the platform. Monitoring cited by Odaily and Onchain Lens said the wallet is now long about 400 BTC, worth roughly $25.7 million, with total exposure near $30.7 million and a 97% long bias. The earlier leveraged trade had grown from about 1,660-1,662.5 BTC to around 1,897 BTC before being unwound in two stages during a pullback. Reporting tied that position to roughly $107 million-$108 million of BTC exposure, with an average entry price near $63,958 and liquidation levels cited around $63,123-$63,142. Hyperliquid account data later showed the trader sold about 903.4-903.48 BTC at an average price near $64,666, then closed the remaining roughly 994 BTC at 06:33 UTC at an average price of about $63,931. Across both phases, the wallet sold roughly $122 million of BTC at a combined average near $64,281. BlockBeats later reported the overall trade ended with about $280,000 profit, versus about $554,400 realized on the first partial sale alone, because the remainder was closed at lower prices during the decline. Separately, Onchain Lens also reported a different Hyperliquid account created three days earlier opened a 40x Bitcoin long worth about $3.77 million, or 58.31 BTC, at an entry price of $64,823 with liquidation at $64,020, and showed cumulative profit of about $72,100. That account information appears distinct from the larger public wallet described above.