The largest short seller of BTC on Hyperliquid has unrealized profits exceeding $17 million and has placed take-profit orders between $89,000 and $91,...

According to Mars Finance, on November 14th, Coinbob's monitoring of popular addresses showed that the "largest BTC short seller on Hyperliquid,"a whale(0x5D2), had a floating profit of $16.92 million from a 20x leveraged BTC short position opened on May 9th. Its position size was approximately $120 million, with an average price of $111,500 and a liquidation price of $105,700. Profit-taking orders were placed in batches at $88,900 and $91,400. It currently holds the top 1 BTC short position on Hyperliquid. Furthermore, this address withdrew $8 million in margin to the blockchain in the past hour, lowering the liquidation price. Currently, it has $11.44 million in untouched funds on the blockchain. This address has opened four large BTC short positions this year, all of which resulted in losses, totaling approximately $5.48 million. This BTC short position was partially closed after October 11th, with 40% of the position taken profit. This profit was subsequently rolled over, resulting in a profit of approximately $5.17 million. Currently, the BTC short position has accumulated a profit of $9 million based on funding fees. According to monitoring, the top three BTC holdings on Hyperliquid are all short positions, totaling $261 million, all with significant unrealized profits. The largest BTC long position (0xff) has approximately $62.35 million in holdings, currently showing an unrealized loss of $8.19 million (262%).