Data: A hardcore short-selling whale suffered a floating loss of nearly $6 million in a single week, and currently still holds approximately 1,101 BTC...
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TL;DR
A major short-seller on HyperLiquid lost nearly $6 million in a week after closing some positions, having previously profited over $30 million from shorting BTC at $120,000. They still hold 1,101 BTC with a liquidation price of $99,122, and have pending buy orders for 1,300 BTC at lower prices.
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Bitcoinshort-sellingcrypto lossesHyperLiquidwhale investor
According to Mars Finance, on-chain data shows that after partially closing out its short positions this week, the largest short position holder on HyperLiquid has suffered a weekly loss of approximately $5.95 million. This whale had short BTC at a high of $120,000, once realizing a profit of over $30 million. It currently holds 1101.9 BTC at a liquidation price of $99,122.7. However, two limit buy orders totaling 1300 BTC placed last week in the $67,244-$67,844 range have yet to be executed.