Band Trading Whale Closes Position with Stop-Loss on 3,846 BTC Long, Incurring a $3.8 Million Loss

According to monitoring by Yu Jin, the whale (0xfb7...e0a3), who previously made a profit of $96.67 million through multiple ETH band trades, closed and stopped losses on a 3,846 BTC long position one hour ago, valued at $350 million, resulting in a loss of $3.8 million. This entity transferred a total of 35.5 million USDC to Hyperliquid yesterday to add to its BTC long position. By 2 AM today, its holdings reached 3,846 BTC with an average opening price of $92,096. Due to the BTC price correction, the entity closed the position this morning at an average price of $91,158 and withdrew the remaining 31.7 million USDC from Hyperliquid back to its on-chain wallet.