Hyperliquid whale flips long with $30.6M at 40x after $311K…

A high-profile Hyperliquid trader (0x0df2) is making waves on the perp DEX after executing a rapid directional flip. The wallet deposited 6.2 BTC ($455K) into Hyperliquid, sold the position, and opened a 145.42 BTC ($10.66M) short — which it closed roughly a day later with $311.6K in profit.

Within the same session, the trader reversed course entirely: 0x0df2 is now long 416.6 BTC ($30.6M) at maximum 40x leverage, with a take-profit target set at $74,400 that would yield an additional $439K in gains. The liquidation price sits just below at $72,430.3, leaving a razor-thin margin for error at this leverage level.

The sequence — a profitable short followed by an immediate high-conviction long flip — suggests the trader believes the local bottom is in and is positioning aggressively for a move toward the $74K level. At 40x, the position is either a quick win or a swift liquidation.