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Whale Trader Liquidates 3846 BTC Long Positions, Loses $3.8 Million
Summary: According to reports, a whale trader (0xfb7...e0a3) who had previously made $96.67 million in profits through ETH swing trading, liquidated 3846 BTC long positions worth $350 million one hour ago, resulting in a loss of $3.8 million. The trader had transferred 35.5 million USDC to Hyperliquid yesterday and increased their BTC long positions. By 2 ...
According to reports, a whale trader (0xfb7...e0a3) who had previously made $96.67 million in profits through ETH swing trading, liquidated 3846 BTC long positions worth $350 million one hour ago, resulting in a loss of $3.8 million. The trader had transferred 35.5 million USDC to Hyperliquid yesterday and increased their BTC long positions. By 2 AM today, they held 3846 BTC with an average entry price of $92,096. Due to a BTC price pullback, the trader closed their positions at an average price of $91,158 this morning and withdrew the remaining 31.7 million USDC from Hyperliquid back to their wallet.
