A separate update shows another large Bitcoin short was closed profitably after 33 hours as BTC fell below $70,000, highlighting fast-moving positioning by whale traders in leveraged crypto markets.
A whale trader closed a 300 BTC Bitcoin short after 33 hours at an average exit price of $69,929, realizing an estimated profit of about $265,000. The position had been opened at an average of $70,472 with a notional size of roughly $20.97 million, and the trader exited as Bitcoin moved below $70,000. This adds a new data point to recent large-position activity around Hyperliquid-linked whale trades, where sizable short exposure has been actively adjusted amid Bitcoin price swings.