The whale who switched positions to go long with a 350 million BTC position has closed and stopped out their BTC long, withdrawing $31 million and exiting the market.

ChainCatcher News: In the past 4 hours, according to Coinbob's popular address monitoring, the whale who "switched positions to go long with a $350 million BTC position" has fully closed out all of their 3,846 BTC long positions (worth approximately $350 million), with a total loss of about $3.6 million. Previously, this whale had placed orders to go long on BTC up to $93,300.

After closing the positions, the remaining $31.7 million margin in their account was fully withdrawn. This address is also a major holder with 30,060 stETH (worth about $97 million) and has deposited $370 million in assets on the Aave platform. Over the past few days, they have cumulatively deposited $35.5 million into Hyperliquid, and yesterday opened a long position of 3,846 BTC, with the position size once reaching $350 million, making them the largest BTC bull on the platform.