Hyperliquid Trader Shows $20.55M Paper Gain While Shorting Major Coins
An account holding a 5.76 million NEAR long also has short positions in seven major cryptocurrencies, according to Bitcoin.com News.
A trader on Hyperliquid has approximately $20.55 million in unrealized profit, according to Bitcoin.com News. The account combines a large NEAR long with bets against several major cryptocurrencies.
The trader opened the long position in September, buying exposure to 5.76 million NEAR at $2.35. Onchain analysts first drew attention to the trade.
The same account holds short positions in seven major coins, including bitcoin, ether, XRP and SOL. The reported profit remains unrealized rather than a confirmed gain from closing the trades.
Source: Bitcoin.com News
