Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The largest short position of BTC on Hyperliquid, amounting to 120 million in short orders, is on the verge of liquidation, with a liquidation price of 96,100 USD.

According to BlockBeats news on November 17, monitoring by HyperInsight shows that the well-known player address (0x7b7b) from Roobet and Stake.com opened a 40x BTC short order with a full position early yesterday morning, which has fallen below the average holding price, turning from profit to loss. The current position size is approximately 123 million USD, with an average price of 95,270 USD and a liquidation price of 96,100 USD, which is about 0.52% away from liquidation. Currently, they also hold short orders for ZEC and XRP, both of which are close to liquidation.

The address transferred 7 million USD to Hyperliquid on November 6 and used the entire position to short BTC, recording a loss of 6.89 million USD. The next day, it engaged in multiple profit-taking with BTC, ETH, and XRP, and the funds have now risen to 3.1 million USD. The total nominal value of the holdings is approximately 150 million USD, making it the largest short position on BTC on Hyperliquid.

BTC-0.25%
XRP2.87%
ETH0.47%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)