BTC Whale: $114M Short Loses $978K on Reductions

BTC short whale holding $89.79 million in 1412 contracts cut another 650 BTC last night for a $167k loss before adding 269.35 BTC, lifting the position to current levels with $456k in floating profit after total realized losses reached $978k.

The trader opened the original $102 million short near $63999 and has trimmed exposure three times in seven days while maintaining the largest Hyperliquid BTC short.

Price action on the 4h chart shows BTC at $63602.53 inside the Bollinger band with upper resistance at $65236.44 and lower support at $62925.69; the EMA50 at $64205.39 and EMA200 at $63721.74 define resistance while MACD at -288.76 confirms the death cross and RSI at 41.69 stays neutral, suggesting any test of upper band resistance likely reverses toward the 50-EMA before continuation.