A whale executing large perpetual positions on the HyperLiquid closed part of his Bitcoin shorts, totaling $86.6 million, for a $2.38 million profit, according to Arkham research.

The trader previously made $200 million shorting the market ahead of the China Tariff Crash and remains one of the platform’s most active participants.

He still holds an open Bitcoin short worth $140 million, currently showing an unrealized profit of $4.3 million. The Hyperunit whale’s trading activity continues to draw attention for its timing around major geopolitical events such as the recent US-China tariff developments, which have driven volatility across crypto markets.