Hyper, the top-ranked trader by overall profit, has liquidated millions of dollars worth of Bitcoin holdings, signaling what analysts interpret as caution towards the cryptocurrency’s immediate price outlook.
Confirming activity visible via public trading analytics, Hyper closed significant long positions on Bitcoin totaling $11.73 million.
This move by the currently most profitable trader suggests potential apprehension regarding Bitcoin’s near-term price trajectory and constitutes one of the largest single-position exits observed recently.
The exit underlines a shift towards a risk-off stance from a proven market participant amid persistent volatility concerns within the digital asset sector.