On-chain analyst Ai Yi said a wallet identified as 0x604…0b21d first exited a large Bitcoin short at a loss, then switched sides and opened a leveraged long position. According to the monitoring data cited by ChainCatcher, the address shorted $45.17 million worth of BTC between Aug. 24 and Aug. 25 and closed the trade with a loss of $831,000. Early today, the same wallet opened a 12x long position for 554.71 BTC, valued at about $43.72 million. The entry price was listed at $80,140.6, and the position is currently showing an unrealized loss of $748,000. The report also said the trade is now the eighth-largest BTC position on Hyperliquid. No additional details on the trader’s identity were disclosed in the source report.
ChainCatcher reported, citing monitoring by on-chain analyst Ai Yi, that wallet 0x604…0b21d previously shorted $45.17 million worth of BTC between Aug. 24 and Aug. 25 and exited the trade with a loss of $831,000.
Early today, the wallet switched direction and opened a 12x leveraged BTC long for 554.71 BTC, valued at about $43.72 million. The position was opened at $80,140.6 and is now showing an unrealized loss of $748,000. The report said it is the eighth-largest BTC position on Hyperliquid.
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