A cryptocurrency trader, identified by the address 0x0df2, has closed a profitable short position on Bitcoin and opened a substantial long position. The trader initially deposited 6.2 BTC, valued at approximately $455,000, into Hyperliquid and sold them, establishing a short position of 145.42 BTC worth around $10.66 million. This short position was closed an hour ago, yielding a profit of $311,600.
Following the closure of the short position, the trader opened a long position of 416.6 BTC, valued at approximately $30.6 million, utilizing up to 40x leverage. The take-profit price is set at $74,400, with a potential profit of $439,000, while the liquidation price is approximately $72,430.3.
Crypto Trader Profits $311,600 from BTC Short, Opens $30.6M Long Position
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