Hyperliquid whale closes BTC short for $3.56M profit

According to on-chain data, a Hyperliquid whale known as pension-usdt.eth has closed its entire Bitcoin short position, realizing a profit of $3.56 million. The address subsequently opened a new 3x leveraged short position on 50,000 ETH, valued at approximately $89 million. The unrealized profit on this ETH short position is now estimated to be over $4.5 million. Onchain Lens reported that the address's cumulative profit has now surpassed $39.6 million.