On March 18th, COINOTAG News reported significant activity in the cryptocurrency market, highlighting a notable transaction by a whale investor. According to monitoring by @ai_9684xtpa, the “Hyperliquid 20x BTC Whale Short” has executed a complete closure of its short position, which encompassed a total of 512.64 BTC. This strategic move resulted in a cumulative profit exceeding $6.21 million over the past two weeks.
This particular investor had initially opened a 20x short position on Bitcoin at its recent zenith on March 3rd, when the price peaked at $95,824. The transaction was substantially scaled, reaching an impressive $41.9 million. Position liquidation commenced on March 15th, with closing transactions recorded in the price bracket of $82,817 to $84,303, showcasing the investor’s adept market maneuvering during this high-volatility period.