Hyperliquid's largest BTC position address is 40x short, betting against Bitcoin dropping to $55,000

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On March 2nd, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that user folhas99 opened a 40x short position on BTC when the market declined on February 28th. They currently hold 750 BTC (approximately $49.63 million), making it Hyperliquid’s TOP1 BTC position. The entry price was $64,534, with a liquidation price of $70,730. Currently, there is an unrealized loss of $1.187 million. They placed a limit sell order at $55,000, aiming to take profit if BTC drops another $11,000.

BTC-0.6%
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