Largest Hyperliquid BTC Short Address Expands Exposure to $387M, Reports $12.84M Unrealized Profit

On January 26, Hyperliquid's largest Bitcoin (BTC) short address significantly expanded its total derivatives exposure from $246 million to $387 million, according to Coinbob's address monitoring, as cited by BlockBeats. This strategic move resulted in an aggregate unrealized profit of $12.84 million across its portfolio. The address maintains a substantial $150 million BTC short position at 40x leverage, yielding $5.71 million in unrealized profit, alongside a $189 million Ethereum (ETH) short at 15x leverage with $6.94 million in unrealized profit. Additional positions include SOL, KPEPE, XRP, and HYPE, demonstrating a diversified leveraged short strategy.