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A brutal unwind… DEATH by a thousand cuts 😬 The Hyperliquid BTC TOP1 guy, has now fully closed its $BTC position, after a slow liquidation over the past 11 hours. Roughly 1,000 BTC got wiped out in four batches, turning what started as a high-conviction trade into a $2.345M realized loss.
Entry was around $69,614, and exits happened between $70,802 to $71,936 , basically getting squeezed out as price kept pushing up.
Remember-- he’s still not out of the market.
The whale continues to hold a massive #BrentOil long (204,456 contracts), currently valued at around $20M. At the moment, that position is sitting on a small unrealized loss of around $1.2K almost flat compared to the #BTC☀️ damage.
So now the entire bet is shifted: BTC trade = closed, heavy loss AND Oil trade = still open, hoping to recover. After losing millions on one leg, holding a leveraged $20M position on another asset… this guy is still playing big.
Add: 0x94d3735543ecb3d339064151118644501c933814