Hyperliquid whale unwinds $120M BTC long position

Hyperliquid (HYPE) whale trader James Wynn has started to scale back his long positions, selling 1,080 Bitcoin (BTC) worth $120 million in the last 30 minutes. He still holds 9,118 BTC in long positions valued at $1 billion, with an average entry price of $108,065 and a liquidation price of $102,858. His unrealized profit currently stands at $24.1 million, according to on-chain analyst @EmberCN on X.