Whale expands Bitcoin short on Hyperliquid to $125.4M, largest on-chain position

BitcoinWorld Whale expands Bitcoin short on Hyperliquid to $125.4M, largest on-chain position An anonymous trader has increased a leveraged Bitcoin short position on Hyperliquid to approximately $125.37 million, making it the largest BTC short currently visible on-chain, according to blockchain analytics platform Lookonchain.

Position details and leverage The wallet address, starting with 0xff84, now holds a short position of 2,000 BTC at 40x leverage. The average entry price is $63,581.50, with a liquidation price set at $63,528.92.

As of the latest data, the position shows an unrealized profit of about $1.79 million, indicating the trader is currently in the money. This level of leverage is extremely high, even for crypto derivatives markets.

A 40x leverage means that a price movement of just 2.5% against the position would trigger liquidation, given the tight margin. The proximity of the entry and liquidation prices underscores the risk involved.