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A major whale has opened a short position on BTC with a $15 million large position, and the current price is less than $300 away from its take-profit level.
BlockBeats News, May 9th, according to Hyperinsight monitoring, a whale known for using scalping strategies on Hyperliquid opened a short position on BTC with 40x leverage in a short period, with a position size of $15.3 million, an entry price of $80,600, take profit set at $80,100, and stop loss at $80,700.
This is the third time this whale has used a large position this week to profit from narrow price spreads. Despite the position size often reaching tens of millions of dollars, the total net profit from multiple trades is only about $8,000, and the overall return on the account is less than 2%.
Address: 0x6572bc26edf54a74bef243eff10d3fbe6d461eb7