Hyperliquid LIT whale opens 20x Bitcoin long as short loses $5.13 million

The largest LIT short position on Hyperliquid opened a 20x leveraged Bitcoin long this morning and now holds 230.52942 BTC, with an unrealized profit of about $172,000. The trader has fully closed its SOL and AVAX short positions but still holds a 3x leveraged short of 2.528 million LIT tokens, showing an unrealized loss of $5.13 million. The portfolio has about $32.25 million in long exposure and $85.4 million in short exposure, for an overall unrealized loss of about $4.778 million and a return on investment of -40.15%, according to Hyperbot data.

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