{"id":72974,"date":"2026-05-23T21:28:50","date_gmt":"2026-05-23T21:28:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trader-books-4-6m-profit-on-hype-zec-and-eth-longs-then-opens-a-74-84m-bitcoin-short\/"},"modified":"2026-05-23T21:28:50","modified_gmt":"2026-05-23T21:28:50","slug":"trader-books-4-6m-profit-on-hype-zec-and-eth-longs-then-opens-a-74-84m-bitcoin-short","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trader-books-4-6m-profit-on-hype-zec-and-eth-longs-then-opens-a-74-84m-bitcoin-short\/","title":{"rendered":"Trader Books $4.6M Profit on HYPE, ZEC, and ETH Longs Then Opens a $74.84M Bitcoin Short"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A trader banked $4.6M on HYPE, ZEC, and ETH longs before opening a $74.84M bitcoin short on Hyperliquid.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The 990 BTC short position has already accumulated $783,000 in unrealized profits at the time of reporting.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The bearish flip adds to broader smart-money signals that bitcoin\u2019s near-term downside may not be exhausted.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">The Flip: From Bull to Bear<\/span><\/h2>\n<p><span style=\"font-weight:400\">Evaded exited long positions in HYPE, ZEC, and <span>ETH<\/span>, locking in a combined $4.6 million in profits. HYPE is the native token of decentralized derivatives platform Hyperliquid, while ZEC is the ticker for privacy-focused <span>cryptocurrency<\/span> Zcash.<\/span><\/p>\n<p><span style=\"font-weight:400\">The move came after a strong run for both assets, with <span>Bitcoin.com<\/span> News recently reporting that Hyperliquid<\/span><a href=\"https:\/\/news.bitcoin.com\/hyperliquid-wipes-out-36-5m-shorts-as-hype-climbs-within-cents-of-ath\/\"><span style=\"font-weight:400\"> wiped out $36.5 million<\/span><\/a><span style=\"font-weight:400\"> in short positions as HYPE climbed within cents of its all-time high. Another investigation revealed that Evaded had<\/span><a href=\"https:\/\/news.bitcoin.com\/hyperliquid-trader-evaded-zec-hype-eth-long-25x-2026\/\"><span style=\"font-weight:400\"> banked $7.5 million<\/span><\/a><span style=\"font-weight:400\"> this week across ZEC and HYPE long trades (all within a period of 96 hours).<\/span><\/p>\n<figure id=\"attachment_816447\" aria-describedby=\"caption-attachment-816447\" style=\"width:2324px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-816447\" class=\"wp-caption-text\">The <span>whale<\/span>\u2019s winning bets on HYPE and ZEC, per Lookonchain<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">After banking those gains, the trader proceeded to open a 990 <span>BTC<\/span> short position on Hyperliquid, valued at approximately $74.84 million at entry. The position was already generating $783,000 in unrealized profit at the time Lookonchain flagged it, a sign that <span>bitcoin<\/span>\u2019s price continued moving in the trade\u2019s direction after the short was placed.<\/span><\/p>\n<p><span style=\"font-weight:400\">The size of the short rules out any casual retail interpretation since a $74.84 million directional short on <span>bitcoin<\/span> represents a high-conviction bet, and Evaded is a closely followed onchain account whose trades regularly draw attention from other market participants.<\/span><\/p>\n<h2><span style=\"font-weight:400\">What the Market Is Saying<\/span><\/h2>\n<p><span style=\"font-weight:400\"> <span>Bitcoin<\/span>\u2019s price has been<\/span><a href=\"https:\/\/news.bitcoin.com\/bitcoin-falls-below-76k-as-209m-in-long-liquidations-hammer-traders\/\"><span style=\"font-weight:400\"> under considerable pressure<\/span><\/a>,<span style=\"font-weight:400\"> hovering below $75,00 as $209 million in long liquidations hit the market in a single session. The broader data picture supports this <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bearish<\/a> tilt as spot <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> exchange-traded funds (ETFs) in the U.S. have now logged six consecutive days of outflows totaling over $1.26 billion.<\/span><\/p>\n<p> <!-- --> <\/p>\n<p><span style=\"font-weight:400\">Open interest in <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> futures has also declined by an estimated $1.5 billion over a similar period, suggesting that leveraged long positions are being systematically unwound.<\/span><\/p>\n<p><span style=\"font-weight:400\">Whether Evaded\u2019s short proves prescient will depend heavily on macro triggers, especially as the<\/span><a href=\"https:\/\/news.bitcoin.com\/kevin-warsh-takes-fed-chair-oath-as-fomc-gives-unanimous-backing\/\"><span style=\"font-weight:400\"> market closely follows<\/span><\/a><span style=\"font-weight:400\"> Federal Reserve Chair Kevin Warsh, whose hawkish rate signals have added headwinds to risk assets, including <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>. Until those signals shift, the near-term weight of evidence appears to favor continued selling pressure.<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/trader-evaded-closes-4-6m-hype-zec-eth-longs-opens-74m-bitcoin-short\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways A trader banked $4.6M on HYPE, ZEC, and ETH longs before opening a $74.84M bitcoin short on Hyperliquid. The 990 BTC short position has already accumulated $783,000 in unrealized profits at the time of reporting. The bearish flip adds to broader smart-money signals that bitcoin\u2019s near-term [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72974"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72974"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72975"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}