Data: The largest short position in BTC on HyperLiquid has suffered a weekly unrealized loss of over $5 million.
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TL;DR
The largest BTC short on HyperLiquid lost over $5 million this week after partial closures. The whale, who once profited $30 million from shorting at $120,000, still holds 1,101.9 BTC with a $99,116 liquidation price and unexecuted buy orders.
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HyperliquidDecentralized Exchange (DEX) TokenDerivativesDeFiBTCshort positionHyperLiquidlosswhale
According to Mars Finance, on-chain data monitoring shows that after partially closing out its short positions this week, the largest short position holder on HyperLiquid has incurred a weekly loss of approximately $5.041 million. This whale had previously short BTC at a high of $120,000, once realizing a profit of over $30 million. The current position still holds 1,101.9 BTC at a liquidation price of $99,116.1, but the two limit buy orders totaling 1,300 BTC placed last week have yet to be executed.