BTC Short Position Worth $102M Takes High-Risk Bet on Hyperliquid
A significant short position in Bitcoin has been taken on Hyperliquid, according to recent data. A wallet funded on OKX just two hours ago opened a 1.6K BTC short worth $102.86M at 40x leverage with an entry price of $64,202.40 and a liquidation price of $64,888.60.
This leaves the position with a substantial unrealized loss of roughly $132K as Bitcoin trades at $64,418.81.
On-chain analytics insights flag this trading setup as one to watch for potential liquidation risk due to its significant size and leverage.