Big $BTC Move: $1.2B Long Flipped to $1B Short — Trader Takes $17.5M Loss

Ever wondered what it feels like to take a $17.5 million loss in one move?

That’s exactly what just happened on Hyperliquid. A well-known trader closed out a massive $1.2 billion long position on Bitcoin—only to flip it into a $1 billion short. The result? A $17.5M loss… just like that.

This kind of move isn’t something we see every day, and it’s got people talking. With Bitcoin hovering around $109K and the Bitcoin Conference just around the corner, some are wondering:

Is this a bold call ahead of a major dip—or a misread of what’s coming?

Whatever the answer, one thing’s clear: even the biggest players can take big risks... and big hits.