Lookonchain: Address 0xebe8 Closes 800 BTC Hyperliquid Long After BTC Drops Below 61000, Takes 1.26M Loss

Lookonchain reported that after Bitcoin fell below 61,000, address 0xebe8 closed an 800 BTC long position on Hyperliquid. The position had an estimated notional value of about 48.8 million and realized a loss of roughly 1.26 million.