Top Hyperliquid BTC Holder Cuts Exposure, Realizes $686,000 Loss

On-chain analyst Ai Yi (@ai_9684xtpa) reported that Hyperliquid's largest BTC position holder, address 0x94d…33814, voluntarily closed 306.4 BTC about 10 minutes ago, booking a $686,000 loss. The wallet still holds 694.81 BTC and remains $1.37 million underwater, with its liquidation price lifted to $82,395. The address's crude oil long is also in the red, showing an unrealized loss of $742,000.