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Whale Trader Faces $4M Loss on BTC Short Position Following Trump Announcement
Gate News bot message, trader identified as “0xdDc” has experienced a $4M floating loss on a leveraged Bitcoin short position opened prior to Trump’s announcement. According to Onchain Lens, the trader initially deposited $3M USDC on HyperLiquid and established a 40x leveraged short position on BTC.
The trader has since deposited an additional $1M USDC to maintain the position and avoid liquidation. Prior to this trade, the whale had successfully executed two BTC short trades, generating $3.6M in profits. The recent loss has reduced the trader’s total profits from $8.6M to $4.6M.