Loss of $831,000 after exiting a short position, an address opens a 12x long position on $43.72 million worth of BTC

Odaily News, according to on-chain analyst Ai Yi's monitoring, an address 0x604…0b21d shorted $45.17 million worth of BTC between 08.24 and 08.25, exiting with a loss of $831,000. Early this morning, the address switched to opening a 12x long position on 554.71 BTC, valued at approximately $43.72 million, making it the eighth-largest BTC position on Hyperliquid, with an entry price of $80,140.6 and an unrealized loss of $748,000.