Largest On-Chain BTC Short Position Reaches $276M on Hyperliquid with $92,315.4 Liquidation Price
The largest on-chain BTC short address has rolled its position on Hyperliquid to $276M across BTC, ETH, HYPE, PEPE and XMR as of Jan. 22, on-chain data show. The address recently added $11.87M in BTC and ETH positions and operates at 106.5% margin utilization, with BTC representing 54% of exposure at a $92,315.4 liquidation price and ETH accounting for 36% at $3,107.88. The position shows an unrealized profit of $5.62M.