Whale Closes Hyperliquid BTC Longs for $2.75M

Whale closed 600 BTC and 20,000 ETH perpetual longs on Hyperliquid for a $2.75 million profit before purchasing 12,027 ETH spot at a $2,068 average price. The move followed an earlier 500 BTC long opened at $62,911 with 4 million USDC. BTC price prediction models now face renewed scrutiny as the address shifts entirely to spot holdings. On the 4h chart BTC trades at $61,529.9 inside a bearish structure with price testing lower Bollinger support at $61,686.83 while the EMA50 at $61,799.56 and EMA200 at $64,373.2 act as layered resistance; the MACD death cross at 388.2 and neutral RSI of 43.08 together point to continued downside pressure before any macro-driven rebound tied to US equity flows.