Bitcoin (BTC) Whales on Hyperliquid Lock in $10.6M Profit as 3x Short and 20x Long Bets Emerge

COINOTAG News, citing LookIntoChain data on November 28, notes that whale address 0x0ddf9 on Hyperliquid has posted a profit of over $10.6 million from a 3x leveraged short on 1,000 BTC at an average entry of $89,765.6. The liquidation price is set at $122,937.28, while the current P&L stands at approximately -$1.16 million.

Separately, address 0x2c26 opened a 20x leveraged long with 563.68 BTC (about $51.4 million) at an average price of $90,278.7. The liquidation price is $84,380.05, and the current P&L is around $524,000.

These data points highlight ongoing whale activity in the crypto markets, with elevated leverage usage on Hyperliquid and dynamic risk metrics in Bitcoin trading, as reported by COINOTAG News and LookIntoChain.