$BTC A whale missed the upward trend and was caught short, then turned around after protecting capital to bet 21 million dollars on a short-term rebound



BlockBeats news, April 28, according to Hyperinsight monitoring, at 0:00 today, a whale on the Hyperliquid platform missed the two downward moves of BTC yesterday, then shorted 390 BTC with 40x leverage, with a position size of about 30 million USD, becoming the second-largest on-chain BTC short position. The average entry price was $76,696, with an original take-profit plan at $75,800.

However, the short at the low level did not fall as much as expected, and this morning’s rebound caused the position to fall into deep unrealized losses. Subsequently, the current price fell back to near its cost line within ten minutes before press time, and the whale closed the position to protect capital, incurring a small loss of about $20k.

Immediately after closing, this address reversed and opened a 40x leveraged BTC long position in an attempt to bottom fish, with a current size of $21.4 million, take-profit set at $77,330, stop-loss at $76,000, betting on a short-term rebound.
BTC-1.65%
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