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Hyperunit whale closes $86.6M Bitcoin shorts for $2.38M profit

Crypto Briefing
A Hyperunit whale closed $86.6M in Bitcoin shorts for a $2.38M profit while keeping $140M in shorts open.

Summary

According to Arkham research, a major trader, known as the $10B Hyperunit whale, closed $86.6 million worth of Bitcoin shorts, realizing a profit of $2.38 million. This trader is noted for previously profiting $200 million by shorting the market before the China Tariff Crash. The whale remains active on the HyperLiquid platform and currently maintains an open Bitcoin short position valued at $140 million, which currently shows an unrealized profit of $4.3 million. The trading activity highlights the whale's ability to capitalize on volatility driven by geopolitical events like the recent US-China tariff developments.

(Source:Crypto Briefing)