HUGE: Whale Opens $126M 40x BTC Short on Hyperliquid
A large trader on Hyperliquid is running one of the biggest active Bitcoin shorts on the platform.
Position details (from the latest data):
> Address: 0xff84dd…8f1d
> Side: Short
> Size: 2,000 BTC
> Notional value: ~$126.37 million
> Leverage: 40x (cross)
> Average entry: $63,581.50
> Current unrealized PnL: +$797,000
> Funding earned: +$140,000
> Liquidation price: $63,535
At the time of the snapshot, Bitcoin was trading around $63,183 — only about $350 above the liquidation level. A modest bounce would put the entire position at risk of being wiped out.
This wallet has been actively scaling the short over recent days, previously adjusting size multiple times while managing close calls near liquidation. High leverage and a tight buffer leave very little room for error.
Would you hold a position this large with that little distance to liquidation, or is this pure high-conviction risk-taking?
A large trader on Hyperliquid is running one of the biggest active Bitcoin shorts on the platform.
Position details (from the latest data):
> Address: 0xff84dd…8f1d
> Side: Short
> Size: 2,000 BTC
> Notional value: ~$126.37 million
> Leverage: 40x (cross)
> Average entry: $63,581.50
> Current unrealized PnL: +$797,000
> Funding earned: +$140,000
> Liquidation price: $63,535
At the time of the snapshot, Bitcoin was trading around $63,183 — only about $350 above the liquidation level. A modest bounce would put the entire position at risk of being wiped out.
This wallet has been actively scaling the short over recent days, previously adjusting size multiple times while managing close calls near liquidation. High leverage and a tight buffer leave very little room for error.
Would you hold a position this large with that little distance to liquidation, or is this pure high-conviction risk-taking?