Hyper, the current leader on the total profit leaderboard amongst major traders, has significantly reduced its exposure to Bitcoin.
The entity decreased its long Bitcoin (BTC) position by approximately $7.93 million. This reduction signals a strategic shift towards heightened risk management practices.
Analysts interpret the move as a cautious response to evolving market conditions and prevailing volatility within the cryptocurrency sector. Despite scaling back its BTC long, Hyper maintains its position at the top of the overall profit rankings.