Onchain Trader 'Evaded' Closes HYPE, ZEC, ETH Longs for $4.6M, Opens $74.84M BTC Short

Pseudonymous onchain trader 'Evaded' reportedly closed long positions in HYPE, ZEC, and ETH, realizing a combined $4.6 million profit. The trader then opened a 990 BTC short on Hyperliquid valued at about $74.84 million, which later showed $783,000 in unrealized gains at the time it was flagged. The positioning comes as bitcoin faced pressure amid $209 million in long liquidations and continued U.S. spot BTC ETF outflows.