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HyperliquidX Whale Closes $90M Short Position Amid BTC Rally

Guavy AI Editorial Team
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HYPE BTC
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A whale on the decentralized exchange HyperliquidX covered approximately $90 million of its short position in Bitcoin, reflecting shifting dynamics in trader sentiment.

The whale's short position had dropped dramatically from around $110 million to about $20 million as Bitcoin rallied through the liquidation zone. Despite avoiding complete liquidation, the account ended up roughly $1.9 million in the red due to this move.

The wallet is now back to approximately $22 million short on BTC, indicating a continued bearish stance with another $221,000 underwater.

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