Currently, it is going long on 416.6 BTC with 40x leverage. The position value is approximately $30.6 million, and it has set a take-profit level at $74,400. If triggered, it is expected to profit about $439,000. The current liquidation price is $72,430.3.

The whale completed a reversal within 24 hours, switching from shorting 145 BTC to going long on 416 BTC. Its take-profit level at $74,400 is slightly above the current price, indicating that it still believes there is short-term room for this rebound. The Hyperliquid platform has become a concentrated battleground for high-leverage derivatives; over the past year, there have been multiple BTC long-versus-short showdowns using 40x leverage, with giant whales frequently making directional bets here. Notably, after the whale profited $310,000 from being flat on the short, it did not reduce risk—rather, it increased the leverage multiple from about 15x on the short to 40x on the long, and expanded the position size by nearly three times. This kind of operation that increases risk exposure after making a profit runs counter to typical risk management logic, and may suggest that it has stronger confidence in the price direction or additional hedging measures. $BTC
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