A prominent Hyperliquid whale has reaped substantial profits from bearish bets, showcasing the continued success of short trading strategies even in a fluctuating market. This successful strategy is driven by strong short positions and decreasing long investor confidence. 0x5D2F, a renowned Hyperliquid trader, has managed to secure over $24 million in profit on their Bitcoin short position, highlighting the potential for aggressive short-term trades in volatile markets. This whale has been employing a long-held strategy of betting on declining prices for months. Their Bitcoin holdings currently stand at 1,232 BTC, worth approximately $113 million, and have accumulated more than $50 million in net profits on Hyperliquid. This trader’s success is further underscored by the whale’s significant funding fees. Their account has generated over $9.2 million through funding fees alone. With a focus exclusively on short trades, 0x5D2F’s strategy has resulted in exceeding $51 million in total profit. Data reveals that this whale has positioned their bet for a potential decline in Bitcoin’s price and is currently sitting on a short position with no long positions. Their net profit in this position is approximately $24 million, while funding fees have generated over $9 million. 0x5D2F’s approach is reflected by the substantial gains from their short position. This whale’s actions show that short trading remains a successful strategy in volatile markets and may provide further insight into future market behavior.