The main BTC short sellers are closing positions at breakeven and placing orders at $79,000, planning to go short again after the price rises.
BlockBeats news, on April 24, according to Hyperinsight monitoring, in the past half hour, a BTC primary short trader (0x004) who has been active multiple times recently in the Hyperliquid market closed a short position almost at breakeven, with the closing average price at 77,936 USD. Previously, the position size reached 15.58 million USD, generating a small profit of 60,000 USD.
Subsequently, this address placed a limit sell order above the current BTC price at 79,000 USD, with a size of 100 BTC, approximately 7.9 million USD, planning to reopen the short position upon price reaching that level.
Address: 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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