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Bitcoin Long Positions Quickly Converted to Short Positions at Certain Address, Now Profiting $280,000 Due to Ancient Whale Sell-off

Summary: According to reports from Lookonchain, due to the impact of an ancient whale sell-off, a certain address quickly converted its long positions on Hyperliquid to short positions, currently holding a 12x leveraged Bitcoin short position worth $50.3 million, with profits reaching $280,000.

According to reports from Lookonchain, due to the impact of an ancient whale sell-off, a certain address quickly converted its long positions on Hyperliquid to short positions, currently holding a 12x leveraged Bitcoin short position worth $50.3 million, with profits reaching $280,000.

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Link: Bitcoin Long Positions Quickly Converted to Short Positions at Certain Address, Now Profiting $280,000 Due to Ancient Whale Sell-off [Copy]

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