A major BTC whale swiftly trimmed over 400 BTC longs, signaling repositioning in leveraged assets while retaining substantial ETH exposure on Hyperliquid.
On January 27, a prominent BTC whale on Hyperliquid closed more than 400 BTC long positions within five minutes, reducing holdings from 1,000 BTC to 572 BTC valued at about $50.26 million. At $87,800 per BTC, 72 BTC remain pending closure. Despite the reduction, the whale continues to hold 201,752 ETH longs worth $585 million, indicating sustained high exposure to Ethereum while adjusting Bitcoin positions.