Gate News message, April 28 — A major whale on Hyperliquid missed two BTC downturns on April 27 and opened a 40x leveraged short position on 390 BTC at midnight on April 28, according to Hyperinsight monitoring. The whale accumulated a $30 million position with an average entry price of $76,696, aiming to take profits at $75,800, briefly becoming the second-largest BTC short on-chain.
However, prices rallied in the early morning, pushing the position into losses. As the price pulled back near the whale’s cost basis shortly before publication, the trader closed the short with minimal losses of approximately $20,000. Within minutes, the whale reversed course and opened a 40x leveraged BTC long position worth $21.4 million, setting take-profit at $77,330 and stop-loss at $76,000 to bet on a short-term rebound.
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