Whale allocates large funds to hold BTC and ETH: invests $3 million to realize nearly $2 million in unrealized gains

【Chain Wen】Recently, an interesting position change has attracted attention. A large trader who invested $3 million on the HyperLiquid platform, what are they up to lately? Data shows that this whale account currently holds a 40x leveraged Bitcoin short position, totaling 1,073.5 BTC, with a notional value close to $100 million. At the same time, they also hold a 25x leveraged Ethereum short position, with 31,093 ETH, and a notional value of around $99 million.

Even more interesting is that the floating profit from these two massive short positions has accumulated to $1.96 million. This indicates that during the recent market correction, this whale’s bearish strategy was indeed well-timed. However, high-leverage short positions carry significant risk, and a small mistake could easily lead to liquidation.

Additionally, this account closed a short position on XMR, realizing a profit of $221,000. It’s clear that this big trader is quite cautious with leverage trading, taking profits and closing positions in time rather than greedily holding on.