Altcoin whale who banked $4.6M last week gets liquidated on $74.84M Bitcoin short

A pseudonymous trader known as Evaded, who booked $4.6M in realized gains on altcoins last week, was liquidated after shorting Bitcoin. On Saturday, he closed long positions in HYPE, ZEC and ETH for the $4.6M profit, then opened a 990 BTC short valued at $74.84M on @HyperliquidX. The trade initially showed an unrealized gain of about $783,000, but a BTC reversal triggered a forced liquidation, leaving a $320,000 loss. The trader then immediately re-entered the market with a 53,500 ZEC long. Earlier in the week, the same wallet withdrew $7.5M from ZEC and HYPE.