Whale Closes BTC and ETH Long Positions: Loses $1.86 Million in an Hour

On February 11, according to Hyperinsight monitoring, a whale address (0x94d...) liquidated its BTC and ETH long positions within the past hour, closing positions worth approximately $13.12 million.

This operation involved a BTC long position previously valued at $29.94 million and an ETH long position worth $24.13 million. Both positions were closed at a loss, totaling approximately $1.86 million in losses.

The address was previously known for establishing large-scale short positions during MicroStrategy's (ticker: MSTR) aggressive BTC accumulation in December. At one point, it became the largest BTC short on Hyperliquid with a position size of up to $120 million, but suffered significant losses after a $3,113 liquidation during a long position trade, resulting in a major drop in capital.