Hyperliquid whale shorts BTC and ETH with 40x and 25x leverage, earning $2.75 million in unrealized profits over 4 hours.

TechFlow reports that on October 30, according to Onchain Lens monitoring, a trader who had been inactive for three months reopened a position, shorting 620.71 BTC (worth approximately $47.77 million) with 40x leverage, and shorting 22,050 ETH (worth approximately $48.56 million) with 25x leverage. About 4 hours after opening the positions, their unrealized P&L reached $2.75 million. The trader’s cumulative P&L over the past 30 days stands at $2.69 million, while their historical cumulative P&L totals $1.16 million.