Bitcoin Whale Trims $125M Short on Hyperliquid, Realizes Nearly $1M Loss

BitcoinWorld Bitcoin Whale Trims $125M Short on Hyperliquid, Realizes Nearly $1M Loss A prominent Bitcoin whale has reduced its substantial short position on the Hyperliquid derivatives platform, locking in a loss of nearly $1 million over the past two weeks.

The address, starting with 0xff84, trimmed 300 BTC from its short position approximately 40 minutes ago, according to on-chain analyst ai_9684xtpa.

Trade Details and Losses The whale had been holding a short position worth roughly $125 million, betting that Bitcoin’s price would decline. After the reduction, the position now stands at 1,700 BTC, valued at approximately $108 million.

The trade has generated cumulative losses of $988,000 since August 5, reflecting the market’s upward movement against the short position.