「Hyperliquid's Largest BTC Short Position」 Hits Over $17 Million in Unrealized Profits, Sets Take-Profit Order at $89,000 to $91,000 Range

On November 14th, according to Coinbob Popular Address Monitor, the "Hyperliquid's Largest BTC Short" whale (0x5D2) once opened a 20x leveraged BTC short position on May 9th, with a floating profit of $16.92 million and holding approximately $120 million. The average price was $111,500, the liquidation price was $105,700, and it took profit with partial limit orders at $88,900 and $91,400, currently ranking as the TOP 1 BTC short position on Hyperliquid. Additionally, the address withdrew $8 million in collateral to the chain in the past hour, resulting in a decrease in the liquidation price, leaving a total of $11.44 million of on-chain funds untouched. This address has opened large BTC short positions four times this year, all resulting in losses totaling approximately $5.48 million. After October 11th, this BTC short position was partially closed with a 40% take-profit and then used for a rollover to achieve a profit of around $5.17 million. The current BTC short position has accumulated a profit of $9 million through funding rate settlements. According to monitoring, the top three positions in the BTC short position ranking on Hyperliquid are all short positions, with a total position size of $261 million and all having significant floating profits. The largest BTC long position (0xff) has a position size of around $62.35 million and is currently experiencing a floating loss of $8.19 million (262%).