Hyperliquid Whale Takes on $102M BTC Short Position

A large Bitcoin (BTC) short position has been opened on the Hyperliquid platform. The whale address 0xFf8…68f1D posted $2.441 million in margin to open a $102 million BTC short of 1600 coins at an average price of $64,202 on 40x leverage.

The position is currently sitting on an unrealized profit of $109,000 and is the largest on the platform. The liquidation price for this position is set at $64,889.

The current price of Bitcoin is trading at $64,429.63 within the Bollinger band, with upper resistance at $65,497.9. The EMA50 support sits at $63,788.46 and the EMA200 at $63,662.01. The MACD golden cross confirms a bullish structure, but the RSI is at 60.19, leaving room for overbought levels.

According to the article, if the price were to test upper band resistance, it could trigger the whale's limit buy orders between $64,986 and $67,023 to flip long. This would align with standard Bitcoin price prediction models that watch for such leveraged flips during neutral momentum phases to avoid crypto market crash scenarios.