Smart Money Liquidates 40x Bitcoin Longs While Boosting $11M SOL Position on Hyperliquid

According to on-chain data reported by COINOTAG News on June 27, a prominent smart money entity executed significant portfolio adjustments on Hyperliquid. The trader liquidated over 40x long positions in Bitcoin and reduced more than 25x long positions in Ethereum, signaling a strategic reallocation of assets. Conversely, the same address substantially increased its exposure to Solana, acquiring an additional 79,425.89 SOL tokens, elevating the position’s value by nearly $11 million. This smart money account has realized cumulative profits exceeding $8 million on Hyperliquid, including gains of approximately $2.35 million in the last 30 days. These movements underscore a tactical shift within the crypto derivatives market, reflecting evolving sentiment and risk management among sophisticated investors.