Trader closes $4.6M profitable HYPE, ZEC, and ETH longs and opens $74.84M Bitcoin short on Hyperliquid
first published 2026-05-23T21:11:00Z
A pseudonymous onchain trader named Evaded closed long positions in HYPE, ZEC, and ETH for a combined $4.6 million profit, then opened a 990 BTC short worth about $74.84 million on Hyperliquid. The position was already showing about $783,000 in unrealized gain as bitcoin traded under broader downside pressure from liquidations, ETF outflows, and weaker futures open interest.
AI Analysis
The article reports a very large new BTC short and notes broader downside pressure from liquidations, ETF outflows, and falling futures open interest, which is directly relevant to short-term trading. The trader's prior profits are secondary; the main market-moving fact is the sizable Bitcoin short.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
