The higher BTC rises, the heavier his short positions.
On Hyperliquid, the #1 largest BTC short seller is VBVIT, a Polymarket (prediction market platform) user tag. He holds 1,320.73 BTC in short positions, about $112 million, using 25x leverage, with an average opening price of 79,470. Based on this morning’s BTC spot price of 86,476, the spread has already widened to around $7,000.
At this point he’s still adding to the position—he could keep chasing. But I won’t guess his motivation—whether he’s betting on an oversold bounce or just going all-in with leverage; there’s nothing in the record that confirms it. The only thing we can be sure of is that the position is still increasing.
Next, I’ll watch only one number: after 1,320.73, whether the shorts continue to increase or start to reduce—0xfc27. Around 86,500 for the price—this will be very direct.
On Hyperliquid, the #1 largest BTC short seller is VBVIT, a Polymarket (prediction market platform) user tag. He holds 1,320.73 BTC in short positions, about $112 million, using 25x leverage, with an average opening price of 79,470. Based on this morning’s BTC spot price of 86,476, the spread has already widened to around $7,000.
At this point he’s still adding to the position—he could keep chasing. But I won’t guess his motivation—whether he’s betting on an oversold bounce or just going all-in with leverage; there’s nothing in the record that confirms it. The only thing we can be sure of is that the position is still increasing.
Next, I’ll watch only one number: after 1,320.73, whether the shorts continue to increase or start to reduce—0xfc27. Around 86,500 for the price—this will be very direct.