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.
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.
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.
- 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.