If BTC rises to $96,100, the 120 million short position of the largest short address on Hyperliquid will be liquidated.

BlockBeats News, November 17th, according to HyperInsight monitoring, the well-known player address (0x7b7b) of Roobet and Stake.com opened a 40x BTC short position at full margin in the early hours of yesterday, which has now fallen below the average entry price and turned from profit to loss. The current position size is approximately $123 million, with an average price of $95,270, a liquidation price of $96,100, representing a margin call distance of about 0.52%. Currently, the address also holds ZEC and XRP short positions, both of which are nearing liquidation.

Prior to this, on November 6th, the address transferred $7 million to Hyperliquid and used it all to short BTC, resulting in a loss of $6.89 million. Subsequently, through intraday trading of BTC, ETH, and XRP, the address made multiple profitable trades, and the funds have now risen to $3.1 million. The total nominal value of the positions is approximately $150 million, making it the largest BTC short position on Hyperliquid.