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Bitcoin Trader Closes $197M BTC Short Position on Hyperliquid, Moves Funds to CEX
Gate News bot message, a notable Bitcoin trader identified as 1011short has concluded their Bitcoin (BTC) short positions on Hyperliquid, generating profits exceeding $197 million across two separate wallets.
Following this closure, the trader transferred 89 million USDC to centralized exchanges. Concurrent with these movements, Bitcoin’s open interest on centralized exchanges recorded a $510 million increase.