From a $4.4M profit to a $3.75M loss, this whale's rollercoaster trade shows the perils of high-stakes speculation.
On December 14, the whale borrowed 25M USDC from Aave and deposited it into Hyperliquid to long BTC at an entry price of $101,662.9. Just three days later, BTC soared past $108,000, hitting a new ATH, which gave the whale an unrealized profit of over $4.4M.
Unfortunately, instead of closing the position at its peak, the whale held on, and with BTC's recent decline, the position now reflects a $3.75M loss.
Wallet Address: 0x989B96317735d70A7762bf96C034B203713aAe18
This stark turn of events underlines the risks of not securing profits in a volatile market.
