Largest On-Chain BTC Short Position on Hyperliquid Hits $276M, Liquidation Price at $92,315.4
On January 22, on-chain data revealed that the largest on-chain BTC short address on Hyperliquid expanded its total position to $276 million, encompassing BTC, ETH, HYPE, PEPE, and XMR. The address recently augmented its BTC and ETH holdings by $11.87 million, operating at a 106.5% margin utilization. Bitcoin constitutes 54% of this exposure, with a critical liquidation price set at $92,315.4, while Ethereum accounts for 36% with a liquidation price of $3,107.88. This significant position currently reflects an unrealized profit of $5.62 million, indicating substantial market activity.