On Aug. 27, BlockBeats reported that on-chain analyst Ai Yi (@ai_9684xtpa) tracked a whale address, 0x604…0b21d, that has reversed its Bitcoin trading direction. The address had previously opened a $45.17 million BTC short between Aug. 24 and Aug. 25, then exited the trade with a loss of $831,000. Earlier on Aug. 27, the same address switched to a long position.
The whale opened a 12x leveraged long for 554.71 BTC, with the position valued at about $43.72 million. According to the monitoring data cited by BlockBeats, that makes it the eighth-largest BTC position on Hyperliquid at the time of reporting. The reported entry price for the long was $80,140.6.
The position was already under water when the update was posted, showing an unrealized loss of about $748,000. No additional information was provided on whether the trader had adjusted margin, added collateral, or changed leverage after opening the position.
BlockBeats reported on Aug. 27 that on-chain analyst Ai Yi (@ai_9684xtpa) said whale address 0x604…0b21d had previously shorted BTC worth $45.17 million between Aug. 24 and Aug. 25, and later exited the trade with a loss of $831,000.
Earlier on Aug. 27, the address flipped to a long position, opening a 12x leveraged long on 554.71 BTC with a notional value of about $43.72 million. The position ranked as the eighth-largest BTC holding on Hyperliquid.
The reported entry price was $80,140.6, and the position was showing an unrealized loss of about $748,000 at the time of the update.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
