Hyperliquid whale locks in $45.3M after trimming BTC and ETH longs

A whale address that had held the largest long position on Hyperliquid, the world’s largest decentralized perpetual futures exchange, locked in $45.3 million in gains after partially unwinding the position overnight, according to on-chain analyst EmberCN. EmberCN said the whale’s total long exposure had fallen to $143 million from $537 million. Overnight, the address fully closed a 120,000 ETH position, realizing $32.77 million in profit, and took profit on 1,200 BTC from a 3,000 BTC long position, adding another $12.53 million in gains. The whale now holds only a 1,800 BTC long position, with unrealized profit standing at $21.08 million. EmberCN added the whale had endured unrealized losses of as much as $120 million over the past four months before beginning to unwind the trade at a substantial profit.