A Whale Liquidating BTC Spot Holdings Initiates a Short Selling Position, Reaching a $120 Million Position Size to Become the Largest On-Chain BTC Short Ever

BlockBeats News, December 22, according to HyperInsight monitoring, a whale starting with 0x94d successively deposited nearly $20 million worth of BTC spot on the 19th, then sold all, and used the funds to open a 10x leveraged BTC and ETH short position. The current total position size is $122 million, making it the largest BTC short whale on Hyperliquid. Its main short positions are as follows:

10x BTC Short: Position Size $120 million, Average Price $87,300, Unrealized Loss $1.26 million (-10%); Liquidation Price $101,000;

10x ETH Short: Position Size $2.14 million, Average Price $2,920, Unrealized Loss $55,000 (-25%).