Crypto
Hyperliquid Whale Locks in $1.20M Profit on BTC and ETH Shorts
A prominent crypto trader known as Hyperliquid Whale has locked in a significant profit after closing Bitcoin and Ethereum shorts. According to blockchain news, the whale's address, 0x32008fcb6bbd16532afc83ca8b6c920dde22c407, closed its positions two hours ago, securing $443.2K on Bitcoin and $752.9K on Ethereum for a total of $1.20M.
The whale's successful trades are part of a larger winning streak that has seen it realize $4.50M across 39 closed trades with a win rate of 79.5%.
Bitcoin's current price is $75,634.06, sitting within its Bollinger band, but the bearish EMA50 at $77,571.38 and MACD death cross at -415.96 suggest that the short bias that delivered this profit may be temporary.