Whale Closes BTC Short at $106,216 on Hyperliquid, Realizes $21.82M Profit

COINOTAG News, citing on-chain analyst Yu Jin, reports that a monitored whale address opportunistically closed short positions during today’s sharp market decline, exiting the BTC short at $106,216 and the ETH short at $3,433, and realizing an aggregate profit of $21.82 million.

Yu Jin’s on-chain monitoring further indicates the same address previously liquidated ETH at $4,221 on September 22 for a reported $11.6 million gain, then initiated combined shorts totaling approximately $137 million on Hyperliquid, with entry prices near $120,892 for BTC and $4,502 for ETH.

These documented on-chain movements underscore how sizable leveraged positions by a single actor can be adjusted in volatile conditions; market participants and analysts should continue to track on-chain metrics and execution risk to assess liquidity and potential price impact.

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