Whale Liquidates 1,351 ETH and Opens $50.6M Bitcoin Short on Hyperliquid

Gate News message, April 26 — A whale address beginning with 0x310 opened a 16x leveraged Bitcoin short position on Hyperliquid over the past 30 minutes, with a notional value of $50.6 million across 653 BTC at an average price of $77,470. The liquidation price stands at $81,308, making it the second-largest BTC position holder on the platform.

About ten days ago, the same address and its on-chain associates withdrew 1,351 ETH from an unnamed exchange, subsequently selling all holdings on Hyperliquid for approximately $3.18 million. Through multiple position builds, the whale has accumulated profits of $720,000 to date.