Hyperliquid Whale Closes Bitcoin Long at Loss, Shifts Capital to Leveraged Equity Bets

A prominent whale trader on decentralized perpetual exchange Hyperliquid closed a $110.85 million Bitcoin long position at an estimated loss of $3.26 million, rotating capital into leveraged equity perpetuals. The trader's total crypto losses reached between $4.34 million and $9.53 million following additional liquidations, including an Ether long. The investor subsequently opened roughly $46 million in total leveraged equity exposure, led by a $34.6 million, 20x leveraged Tesla position alongside semiconductor ETFs ahead of Tesla's third-quarter earnings on October 21. The leveraged positions are backed by approximately $2.83 million in collateral equity.