Hyperliquid's top BTC short position adds another $11.87 million, bringing total holdings close to $300 million.

PriceOracleFairy · 2026-01-22T14:22:12+00:00

On-chain data shows that the leading BTC short address on the Hyperliquid platform has increased its holdings by $11.87 million in BTC and ETH, with a margin utilization rate of 106.5%. The total short position size of this address has expanded to $276 million, with BTC accounting for 54% and ETH for 36%. Unrealized profits have reached $5.62 million, drawing market attention to its liquidation risk.

PriceOracleFairy

2026-01-22 14:22:12

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【Chain News】On-chain data shows that the Hyperliquid platform’s leading BTC short address has increased its position again. This time, the increase involves $11.87 million in BTC and ETH positions. Currently, the margin utilization rate has reached 106.5%, indicating a rollover status.

Specifically, the total short position of this address has expanded to $276 million, covering five cryptocurrencies: BTC, ETH, HYPE, PEPE, and XMR. Among them, BTC dominates with a position weight of 54%, with a liquidation price of $92,315.4; ETH accounts for 36%, with a liquidation price set at $3,107.88.

Interestingly, this large short position is currently showing an unrealized profit of $5.62 million. With margin utilization exceeding 100%, such unrealized gains have attracted market attention—this position is either betting on a continued decline in the bear market or facing liquidation risk under extreme market conditions.

BTC-2.74%

ETH-2.65%

HYPE-8.64%

PEPE-0.47%

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RunWhenCut

· 01-25 04:55

Bro, this leverage ratio is crazy. You're adding to your position with a 106.5% margin requirement? You're really gambling with your life.

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memecoin_therapy

· 01-22 15:06

Wow, this guy added to his position again? A short position of 276 million with a floating profit of 5.62 million—his guts are really something... The margin is over 100%, yet he still dares to play like this. He's probably betting on BTC to keep falling, or he's just waiting to be liquidated.

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NFT_Therapy

· 01-22 14:36

276 million... This guy really isn't afraid of death, leveraging so heavily.

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SnapshotLaborer

· 01-22 14:29

276 million short positions still dare to add more? This guy is really ruthless.

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DeFiCaffeinator

· 01-22 14:26

Bro, you're using leverage really aggressively. Dare to add positions with a 106% margin requirement? Once it rebounds, you'll be liquidated in minutes.

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