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A major whale liquidates BTC spot positions and swiftly goes short, amassing a position size of $120 million, becoming the largest on-chain BTC short holder

A major whale liquidates BTC spot positions and swiftly goes short, amassing a position size of $120 million, becoming the largest on-chain BTC short holder

2025-12-22 10:24

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ChainThink report, December 22: According to HyperInsight monitoring, a whale with address starting in 0x94d gradually transferred nearly $20 million in BTC spot on the 19th, then sold out entirely and deployed the capital into short positions on BTC and ETH with 10x leverage. The total open position size now stands at $122 million, making this the largest BTC short whale on Hyperliquid. The primary short positions are as follows:


10x BTC Short Positions: Position size of $120 million, average entry price of $87,300, unrealized loss of $1.26 million (-10%); liquidation price at $101,000;


10x ETH Short Positions: Position size of $2.14 million, average entry price of $2,920, unrealized loss of $55,000 (-25%).

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Disclaimer: Contains third-party opinions, does not constitute financial advice

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