If BTC continues to rise by 2%, it will force a whale who shorted $45.22 million yesterday to liquidate their position.

BlockBeats News, August 25th, according to TradingBeats (formerly Hyperinsight) monitoring, BTC is currently trading at around $80,840, a 24-hour increase of about 4.3%. The whale with the address starting with 0x6046, who had just opened a large short position yesterday, has now been pushed to a position about 2.5% away from the liquidation price. This address is currently the closest to the liquidation price and holds the largest amount of shorts on Hyperliquid.

The whale shorted 559.4 BTC in batches last night, with an average entry price of $79,318.4. The current value of the short position is about $45.218 million, with an unrealized loss of about $0.851 million, and a return rate of about -38.4%.

They are using 20x leverage, with the current liquidation price at around $82,896.5. If BTC rises by about $2,057 from the current price, which is about 2.5%, it will hit the current liquidation price.

As of the time of writing, the whale has not set any public stop-loss, take-profit, or reduction orders, and the 559.4 BTC short position is still intact.

This address is the first active account on Hyperliquid. Yesterday evening, it first received about 992,000 USDC from an address starting with 0x6b9e, and about 1.5 minutes later, it started shorting BTC; it then added about 1.6 million USDC twice for additional margin, accumulating about $2.592 million in funds.