Bitcoin has surged back above $116,000, prompting significant trading activity among major investors. Whale 0xa523, in an effort to avoid liquidation, sold 152 ETH valued at $679,000 to add margin and closed some of his Bitcoin shorts at a loss. This move comes as the investor's losses have exceeded $43.4 million over the past month, making him the largest loser on the Hyperliquid platform, surpassing other notable traders.