0x6046, the new address that recently opened 559 BTC short positions with 20x leverage on Hyperliquid.
Today it closed them.
It fully closed all 559.36 BTC short positions, realizing a loss of $8.101 million. Yesterday, this position was only 2% away from liquidation.
Ten minutes after closing, it flipped long. 428.287 BTC, $34.59 million injected, with an average entry price of $80,761 for the position.
Now the long position is floating at a loss of $0.6771 million. Add the $0.8101 million already lost from closing the shorts…
First time shorting—wrong. Second time going long—currently also at a floating loss.
A newly active address: deposits, opens positions, pushes it to the brink of liquidation, liquidates at a loss, and then after ten minutes flips into a heavily sized position. The rhythm feels a bit off to me.
I’m not drawing a conclusion. The numbers are right there.
Today it closed them.
It fully closed all 559.36 BTC short positions, realizing a loss of $8.101 million. Yesterday, this position was only 2% away from liquidation.
Ten minutes after closing, it flipped long. 428.287 BTC, $34.59 million injected, with an average entry price of $80,761 for the position.
Now the long position is floating at a loss of $0.6771 million. Add the $0.8101 million already lost from closing the shorts…
First time shorting—wrong. Second time going long—currently also at a floating loss.
A newly active address: deposits, opens positions, pushes it to the brink of liquidation, liquidates at a loss, and then after ten minutes flips into a heavily sized position. The rhythm feels a bit off to me.
I’m not drawing a conclusion. The numbers are right there.