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Gate News Report, April 28 — According to Hyperinsight monitoring, an important whale on Hyperliquid missed two BTC drops on April 27 and opened a 390 BTC short position with 40x leverage at midnight on April 28. The whale accumulated a position worth $30 million dollars, with an average entry price of $76,696, planning to take profit at $75,800, and at one point became the second-largest on-chain BTC short. However, the price rebounded in the early morning, causing the position to enter a loss. Just before the announcement, when the price retraced near the whale’s cost basis, the trader closed the short with a small loss of about $20,000. Within minutes, the whale quickly reversed direction, opening a $21.4 million 40x leveraged BTC long position, setting take profit at $77,330 and stop loss at $76,000, betting on a short-term rebound.