An unknown trader has held a short position on Bitcoin for over six months, yielding more than $24 million in unrealized profit. According to Lookonchain, the open position of this investor amounts to 1232 BTC, exceeding $113 million at the current exchange rate.
This is reported by Business • Media
Impressive Strategy and Community Reaction
- The trader has maintained a short position on Bitcoin for over six months.
- His total profit on Hyperliquid has surpassed $51 million.
The total income of this user on the decentralized exchange Hyperliquid has already exceeded $51 million. Specifically, the trader has earned over $9.2 million just from funding the position. This strategy has generated significant excitement in the cryptocurrency community. Some market participants jokingly remark that the trader “woke up and decided to inflict pain on Bitcoin again,” as holding a short position for six months is quite an achievement.
Others call it madness that he has not yet closed the position with such profit. Users are curious about what he is waiting for — the maximum drop or some macro signal.
Risks of Trading with High Leverage
Analysts note that working with large positions on Hyperliquid has often led to losses: there have been instances where traders using high leverage lost millions of dollars. Some of them initially had significant profits but later suffered losses and even ended up in the red.