ChainThink report, December 19: According to HyperInsight monitoring, over the past hour, a whale with an address starting in 0xa8 has continued increasing its position in leveraged BTC short contracts at 40x leverage. As of this report, the accumulated increase amounts to approximately $78.61 million, bringing the current position size to around $94.08 million, with an average entry price of $87,200, liquidation price at $89,400, and unrealized profit of $360,000 (11%). Additionally, this address has placed limit stop-loss orders between $88,000 and $88,300, and limit take-profit orders between $79,000 and $83,000.

Monitoring indicates that since opening its BTC short position on December 8, this address has repeatedly closed and rolled positions, generating nearly $3 million in realized profits. The current position size now exceeds that of the "BTC OG Insider Whale" in long BTC holdings and makes this address the largest BTC short position on Hyperliquid.