Whale Closes BTC Short at $106,216 on Hyperliquid, Realizes $21.82M Profit
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
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.