According to Jinse Finance, monitored by Lookonchain, as bitcoin climbed back above $116,000, whale 0xa523 sold another 152 ETH (approximately $679) to increase margin in order to avoid liquidation, and closed part of their BTC short positions at a loss. In just one month, this address has lost $43.4 million, surpassing Aguila Trades, insider trader qwatio, and JamesWynn, becoming the biggest loser on Hyperliquid.