Whale adds to BTC short position on Hyperliquid, with holdings exceeding $94 million

【Blockchain Rhythm】Monitoring data shows that within the past hour on December 19, a whale wallet starting with 0xa8 was frequently active on Hyperliquid—continuously adding to its 40x leveraged BTC short positions. After this series of operations, the address increased its holdings by approximately $78.61 million, with the total position now reaching $94.08 million, and the average price hovering around $87,200.

In terms of risk management, the liquidation price is set at $89,400, with an unrealized profit of $360,000, yielding an 11% return. Interestingly, this whale also placed some defensive orders—setting limit stop-loss orders at BTC prices between $88,000 and $83,000, while arranging limit take-profit orders within the $79,000 to $83,000 range.

This is not the whale’s first major move on BTC. Since opening its short position on December 8, it has repeatedly closed and rolled over positions. Currently, this short position has realized a profit of nearly $3 million. Even more remarkably, the current holdings of this address have surpassed the long positions of the so-called “BTC OG Insider Whale,” making it the largest BTC short on the Hyperliquid platform.