Trader Closes Crypto Longs at $6.09 Million Loss, Opens Ether and HYPE Positions

Trader 0xf081 closed Bitcoin (BTC), Hyperliquid (HYPE) and Zcash (ZEC) long positions at an estimated $6.09 million loss, then opened new Ether (ETH) and HYPE longs valued at about $42.9 million Tuesday. The three losing positions were closed over a six-hour period. The $6.09 million figure is the combined loss on those exits, rather than the value of any one position. The new Ether long covered 14,583 ETH and was valued at approximately $33 million. A separate HYPE long covered 117,871 tokens and was worth about $9.9 million.