A highly leveraged whale converted from ETH short to BTC long, earning over $6 million within 24 hours According to Lookonchain monitoring, a trader has long Bitcoin on the Hyperliquid platform with 40 times leverage and currently has unrealized profits of $4.27 million. The trader had just liquidated a short position on Ethereum and backlogged a long position on Bitcoin on the MUX platform 11 hours ago, achieving a total return of $6.16 million within 24 hours.