According to recent on-chain monitoring by analyst @ai_9684xtpa, the top BTC short position address on Hyperliquid has added an additional $11.87 million in BTC and ETH positions.
The account is currently in a rolling position state with a margin utilization rate of 106.5%, indicating a high level of leverage. The total value of its short positions has now reached $276 million, covering assets such as BTC, ETH, HYPE, PEPE, and XMR.
Breakdown of the current holdings shows BTC shorts account for 54% of the portfolio with a liquidation price of $92,315.4, while ETH positions make up 36% with a liquidation threshold at $3,107.88. The position currently holds an unrealized profit of approximately $5.62 million.
- BTC Exposure: 54%
- ETH Exposure: 36%
- Margin Utilization: 106.5%
- Total Short Value: $276 million
This movement has attracted significant market attention, reflecting continued bearish sentiment from major players toward the short-term crypto market outlook.