TechFlow reports, on March 17, according to on-chain analyst EmberCN (@EmberCN), the "Hyperliquid 50x whale" currently holds a short position of 5,608 bitcoins, worth approximately $460 million, with a cost basis of $83,923 and a liquidation price of $85,803.
As Bitcoin's price has pulled back to around $82,000, this short position has realized an unrealized profit of $8.3 million.
In addition, the trader opened a long position 2 hours ago, purchasing 3.39 million MELANIA tokens at $0.69 each, worth approximately $2.4 million.
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