Hyperliquid Trader Opens $30.2 Million 40x Bitcoin Short After $2.4 Million Loss
A whale trader was reported to hold $644,000 in overall unrealized profit across large Bitcoin and Ether short positions, with gains on ETH offsetting losses on BTC as of April 10.
BTC
ETH
HYPE
Fact Check
The BlockBeats report "某近期大亏巨鲸开立3020万美元BTC空单，以极窄清算线设于71,941美元 - BlockBeats" supports a substantial portion of the statement: a whale address beginning 0x2fc, reportedly on Hyperliquid, reopened a 40x BTC short worth about $30.2 million after prior losses exceeding $2.4 million, with a very tight liquidation threshold. However, I could not validate the linked X posts, and I did not obtain a fetched source confirming the more specific claims that the trader had already been liquidated twice on short positions totaling more than $43.3 million after BTC moved above $72,000. PANews covers a different wallet and does not corroborate the claim. Because only part of the statement is supported while the key liquidation-history details remain unverified in this run, the safest assessment is insufficient_evidence rather than likely_true.
Summary
A whale trader was reported to be holding $644,000 in overall unrealized profit across Bitcoin and Ether short positions as of April 10. The account held a 2,567.49 BTC short opened at $71,554.61, showing an unrealized loss of $1.374 million, and a 38,465.22 ETH short opened at $2,248.74, showing an unrealized gain of $2.018 million. The figures indicate that profits on the Ether short outweighed losses on the Bitcoin short, leaving the trader net positive despite mixed performance at the position level.
Terms & Concepts
- BTC short: A bearish trading position that seeks to profit from a decline in Bitcoin’s price, while losses rise if Bitcoin moves higher.
- Ether: The native cryptocurrency of the Ethereum blockchain, commonly abbreviated as ETH.
- unrealized profit: A gain shown on an open position based on current market prices that has not been locked in through closing the trade.