Whale’s $18.5M Bitcoin Short on Hyperliquid Wiped Out as BTC Surges

BitcoinWorld Whale’s $18.5M Bitcoin Short on Hyperliquid Wiped Out as BTC Surges A cryptocurrency whale that held one of the largest on-chain Bitcoin short positions on the Hyperliquid exchange has been forcibly liquidated for 288 BTC, worth approximately $18.55 million, as Bitcoin’s price climbed.

The liquidation, tracked by blockchain analytics firm Lookonchain, underscores the risks of leveraged trading in volatile markets.

Liquidation Details and Remaining Exposure Data from Hyperscan, Hyperliquid’s block explorer, shows the address, which begins with 0xff84, was liquidated in two tranches: 160 BTC (worth $10.29 million) about seven hours ago, followed by 128 BTC (worth $8.27 million) roughly an hour later.

The whale had previously reduced its short position by 300 BTC yesterday, but still holds a 512 BTC short position worth about $33 million, with a liquidation price of $64,665.18. If Bitcoin continues to rise, the position remains at risk.