The hunt for Hyperliquid whale with 1,170 BTC continues

Earlier in the blog I wrote about a major player who has concentrated 25% of the Hyperliquid exchange's open interest in BTC in one hand.

Whale's current position: 1,170 BTC, entry $62,217, liquidation moved to $52,825.

Funding costs for the position $907K, unrealized loss $6.88M.

His trading style is very specific, he adds on market upswings and often cuts on downswings. Yesterday, Monday, he added a lot on the local top at $59.3K and cut the position on the downside for a few million.

Also, the whale added $1.2M USDC collateral the day before.