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The whale closed their position and stopped loss on 3846 BTC long positions, incurring a loss of 3.8 million USD.
Odaily Planet Daily reported that according to Ember monitoring, a whale (0xfb7…e0a3), who made a profit of $96.67 million through multiple ETH trading bands, closed their position an hour ago, stopping out 3,846 BTC longs worth $350 million, with a loss of $3.8 million. The entity had transferred a total of $35.5 million USDC into Hyperliquid and increased their long BTC position yesterday, reaching 3,846 BTC at 2:00 AM today, with an opening average price of $92,096. Due to a price correction in BTC, the entity closed their position this morning at an average price of $91,158 and withdrew the remaining $31.7 million USDC from Hyperliquid back to their on-chain wallet.