Cryptocurrency trading firm Hyper has reduced its exposure to Bitcoin by liquidating approximately $5.79 million worth of long positions.
The move demonstrates a strategic implementation of prudent risk management amid current market conditions. This significant reduction in BTC holdings reflects Hyper’s cautious approach to navigating prevailing volatility and uncertainties within the digital asset space.
Hyper has not publicly disclosed specific catalysts for the liquidation. Industry observers note the adjustment aligns with protective measures typically adopted during periods of heightened market sensitivity.