Bitcoin Short Position Surges 4,273% to $103.3M on Hyperliquid

A whale holds a $103.3M BTC short with 40x leverage on Hyperliquid. The position uses unrealized P&L for margin, with liquidation price just 1.12% above current market rates.

Woofun AI data shows that a specific trader deposited $2.441 million in USDC into Hyperliquid one week ago to initiate Bitcoin short positions. Following multiple liquidation events, the account now maintains a short exposure of 1,625 BTC, valued at $103.3 million. The trader utilized unrealized profits to expand position size, resulting in equity of $2.432 million and leverage exceeding 40x. The liquidation threshold sits 1.12% above the current BTC price.