Whale Address 0x7b7 Loses $6.44M on Hyperliquid BTC Short Position

A whale address (0x7b7) deposited $7 million USDC into Hyperliquid three days ago to short Bitcoin but now holds only $560,000 after multiple stop-losses, EmberCN reported on Nov. 10. The address's BTC short position peaked at 2,222 BTC ($226 million) and currently stands at 300 BTC ($31.87 million) following repeated liquidations.