Top BTC Short on Hyperliquid Closes $4.3M Position, Retains $103M Exposure at $111,500 Entry

A whale address (0x5D2) closed approximately $4.3 million in Bitcoin short positions on Nov. 25, realizing $1.17 million in profit while retaining $28.15 million in unrealized gains, Coinbob data show. The trader holds roughly $103 million in short positions with an average entry price of $111,500 and a liquidation price of $94,800, ranking as the top BTC short on Hyperliquid. The address has withdrawn approximately $34.09 million in account margin this month and transferred $40 million to Binance wallets, with a $3 million margin deposit added on Nov. 25.