If BTC rises to $96,100, the 120 million short position of the largest short address on Hyperliquid will be liquidated.

On November 17th, according to the monitoring of HyperInsight, the well-known player address (0x7b7b) of Roobet and Stake.com opened a 40x short position of BTC with full margin in the early hours of yesterday. Now, it has fallen below the average entry price and turned from profit to loss. The current position size is approximately $123 million, with an average price of $95,270 and a liquidation price of $96,100, indicating a margin call distance of about 0.52%. Currently, the address also holds short positions in ZEC and XRP, both of which are approaching liquidation. Before this, on November 6th, the address transferred $7 million to Hyperliquid and used it all to short BTC, resulting in a loss of $6.89 million. Subsequently, through intraday trading of BTC, ETH, and XRP, the address made multiple profitable trades, and the funds have now increased to $3.1 million. The total nominal value of the positions is approximately $150 million, making it the largest short position of BTC on Hyperliquid.