Whale Trading Strategy: Cashing Out for Profit Before Shorting, $4M Unrealized Loss

Sell high, then short: Two weeks ago, the whale cashed out $ETH at a price of 4,221, making a profit of $11.6M, but the market kept climbing. Over the past two days, they opened $137M worth of short positions on Hyperliquid, currently sitting on an unrealized loss of $4M. Back in June, after closing their short positions, they bought 6,037 $ETH at a price of 2,299. On September 22, they sold off the $ETH purchased in June at 4,221, earning $11.6M. After selling their $ETH, the market continued to rise. In the last two days, they shorted $137M worth of $BTC and $ETH on Hyperliquid, now facing a $4M unrealized loss. ◎ 40x short on 800 $BTC, worth $100M, entry price 120,892, liquidation price 129,848; ◎ 20x short on 8,000 $ETH, worth $37M, entry price 4,502, liquidation price 5,109. Address: https://hyperbot.network/trader/0x8deCc13b6E83873a78126E99036F9442019FD0b5 Sponsored by Bitget｜@Bitget_zh