Hyperliquid whale recoups $1.3M on BTC short after $38M in liquidations

AguilaTrades, a well-known whale trader on Hyperliquid who has logged losses of more than $38 million through a series of forced liquidations, made about $1.3 million on a Bitcoin short position, AmberCN reported. AguilaTrades opened a 500 BTC short position worth about $35.85 million when BTC was at $71,697 in the early hours of today, then closed the position about an hour ago to lock in the profit. AguilaTrades has since placed buy orders totaling 200 BTC, worth about $12.7 million, in the $61,000-$66,000 range in preparation for possible additional declines in BTC.