A monitored address previously shorted $45.17 million worth of Bitcoin between August 24 and August 25 and exited with a loss of $831,000. According to ChainCatcher, the same address opened a 12x long position on 554.71 BTC early this morning, making it the eighth-largest BTC position on Hyperliquid. The position was opened at $80,140.6 and was showing an unrealized loss of $748,000 at the time of reporting.