Hyperliquid whale opens 40x leveraged 500 BTC short after booking $1.3M gain

AguilaTrades, a well-known whale trader on Hyperliquid who has logged losses of more than $38 million from a string of forced liquidations, closed a BTC short position four hours ago to realize a $1.3 million profit and then opened a new 40x leveraged short worth 500 BTC, or about $34.64 million, according to Lookonchain. The position was opened at $68,871 and faces liquidation at $72,273.