According to @lookonchain, whale address 0xa523 opened a new 194 BTC short worth USD 22.74M after two failed BTC short attempts in the past 15 hours, indicating continued bearish positioning by this trader (source: Lookonchain on X; Hyperdash trader page). The trader has lost over USD 45M in the past month and now ranks as the biggest loser on Hyperliquid, surpassing AguilaTrades, qwatio, and JamesWynnReal, as reported by the same post (source: Lookonchain on X; Hyperdash trader leaderboard). The stated notional of USD 22.74M for 194 BTC implies an approximate entry price near USD 117,300 per BTC for the new position, derived from the reported figures (source: Lookonchain on X; calculation based on source data). The positions and PnL referenced can be monitored via the public Hyperdash profile linked by the source for address 0xa523 (source: Lookonchain on X; Hyperdash trader page).

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).

According to Lookonchain, wallet 0xa523 lost over $40 million on Hyperliquid in less than a month, surpassing AguilaTrades, qwatio, and JamesWynnReal to become the platform’s biggest loser. According to Lookonchain, the address previously sold 886,287 HYPE for a realized loss of $39.66 million, and if still held, that position would show an unrealized gain of nearly $9 million today. According to Lookonchain, the trader then lost over $35 million on an ETH long and subsequently lost another $614,000 after switching to an ETH short. According to Lookonchain, the address is currently down about $2.33 million on a BTC short. According to Hyperdash, the public trader profile for 0xa523 lists current PnL for ETH, BTC, and HYPE positions on Hyperliquid.

According to @lookonchain, address 0xa523 lost over $35 million on an ETH long, then flipped short and realized an additional $614,000 loss about an hour later, source: Lookonchain on X, Sep 8, 2025. The address still holds a short position of 1,351 BTC with an estimated notional value of around $150 million, source: Lookonchain on X; hyperdash.info trader page for address 0xa5232e97b4ded3d2EF25Be059c3489e61Be475Aa.

According to @lookonchain, on-chain whale address 0xa523 closed all ETH long positions with realized losses exceeding 36 million dollars, source: Lookonchain on X, Sep 5, 2025. The same address then opened a BTC short with 25x leverage totaling 1,107 BTC valued at 122.4 million dollars, source: Lookonchain on X, Sep 5, 2025.

According to @lookonchain, over the past 12 hours whale wallet 0xa523 sold 886,287 $HYPE worth $39.66M and 1.63M $Fartcoin worth $1.27M, realizing a $1.14M loss to rotate into a leveraged $ETH position, source: @lookonchain. The address opened a 15x long totaling 51,691 ETH ($226.7M), currently down more than $13M with a stated liquidation price at $4,075.7, source: @lookonchain.

According to @lookonchain, whale address 0xa523 deposited another 19.38M USDC into Hyperliquid within the past 5 hours to buy more $HYPE, source: @lookonchain. The activity signals continued $HYPE accumulation by the same address on Hyperliquid, offering a clear on-chain flow datapoint for short-term HYPE order flow tracking, source: @lookonchain.