Hyperliquid's Largest BTC Short Position Reaches $165 Million at 20x Leverage with $2.4 Million Unrealized Gain

The largest BTC short position on Hyperliquid stood at $165 million at 20x leverage on December 23, with an average entry price of $88,077.9 and $2.4 million in unrealized profit, Hyperinsight data show. The same trader also held $54 million in ETH shorts and $18 million in SOL shorts, with unrealized gains of $1.8 million and $0.5 million respectively.