A whale liquidated its entire BTC spot position and short, becoming the largest short seller of BTC on-chain with a holding of $120 million.

According to Mars Finance, on December 22nd, HyperInsight monitoring revealed that a whale with the account starting with 0x94d transferred nearly $20 million worth of BTC spot trading on the 19th, subsequently selling it all and using the funds to open 10x leveraged short positions in BTC and ETH. Its current total holdings reach $122 million, making it the largest short whale on Hyperliquid for BTC. Its main short positions are: 10x BTC short: $120 million in holdings, average price $87,300, unrealized loss $1.26 million (-10%); liquidation price $101,000; 10x ETH short: $2.14 million in holdings, average price $2,920, unrealized loss $55,000 (-25%).