Hyperliquid Trader 0x15a4: Down $463K on 40x BTC Long

Trader 0x15a4 returned after three months of inactivity on Hyperliquid and opened a 40x long on 500 BTC worth $31 million, only to drop $463,000 when Strategy announced the sale of 3,588 BTC. BTC price now sits at $61768.42 inside a bearish structure where the EMA50 at $61808.91 caps upside while the EMA200 at $64375.58 looms as major resistance. The MACD death cross at 407.23 combined with RSI at 45.08 leaves price vulnerable to a test of the lower Bollinger band at $61752.56, a level that aligns with immediate support and could accelerate the next leg lower in any BTC price prediction model. This move also feeds into broader crypto market crash narratives and highlights persistent Bitcoin volatility analysis risks for leveraged positions.