According to BlockBeats, on October 23, seven key addresses on Hyperliquid deployed 510.22 BTC—worth approximately $42.896 million—in 90 limit sell orders concentrated between $83,400 and $85,112, just 1.9% to 4.0% above the current price of $81,850.

The sell orders are primarily profit-taking positions arranged by long holders. Approximately $30.846 million in sell orders come from five addresses reducing existing long positions after price increases, while additional orders at $83,583, $83,700, and $83,820 represent both partial position reductions and new short-positioning strategies.

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