Legendary Bear Exits in Flames
According to Coinbob address tracking, on February 2, the largest BTC and ETH bear on Hyperliquid, known as the 'Air Force Commander' (0xd83), completely liquidated all positions and exited the market. Over the past week, the whale faced multiple liquidation events and attempted high-leverage long positions to fight back, but ultimately suffered losses exceeding $20 million.
The final long BTC position generated a profit of approximately $17,000. Shortly after, the address withdrew the remaining $58,700 from the account over the weekend.
Massive Positions Wiped Out
At its peak, the whale controlled positions approaching $500 million, holding the largest short positions across multiple cryptocurrencies. Beginning January 22, it faced a series of devastating liquidations:
- January 22: Approximately $199 million
- January 26: Approximately $120 million
- January 28: Approximately $83 million
- January 29: Long position liquidation of about $61 million
- January 30: Another $27.5 million wiped out