A tracked wallet that had previously shorted roughly $45.17 million in Bitcoin from August 24–25 closed the trade with an $831,000 loss. ChainCatcher reports that the same wallet later opened a 12x leveraged long on 554.71 BTC early this morning, ranking as Hyperliquid’s eighth-largest BTC position. Entered at $80,140.60, the position was carrying an unrealized loss of approximately $748,000 at the time of publication.