According to @lookonchain, BTC rebounded above $116,000 as address 0xa523 sold 152 ETH (~$679,000) to add margin and closed part of his BTC short positions at a loss, to avoid liquidation (source: @lookonchain on X). According to @lookonchain, this trader has lost over $43.4 million in the past month and now ranks as the biggest loser on Hyperliquid, surpassing @AguilaTrades, @qwatio, and @JamesWynnReal (source: @lookonchain on X; trader data referenced via Hyperdash).