Anonymous whale expands BTC short on Hyperliquid to $125.4M, largest on-chain

An anonymous whale has expanded a leveraged Bitcoin short on Hyperliquid to about $125.37 million, the largest BTC short position currently visible on-chain, according to Lookonchain. The address, which begins with 0xff84, now holds a 2,000 BTC short position at 40x leverage, with an average entry price of $63,581.50 and a liquidation price of $63,528.92. Unrealized profit stood at about $1.79 million, Lookonchain said.