Address on Hyperliquid begins unwinding Bitcoin short positions

An address that previously earned $15 million with 50x leverage on Hyperliquid is now closing Bitcoin (BTC) short positions to take profits using the time-weighted average price (TWAP) strategy. On-chain analyst @EmberCN reported on X that the address closed 108 BTC short positions in the past 90 minutes and still holds 5,500 BTC short positions, currently valued at $455 million.