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Hyperliquid's top BTC position holder takes a 40x short bet, targeting $55,000 for profit.

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A Hyperliquid BTC position trading account, folhas99, holds the platform’s largest BTC short at 750 BTC ($49.63 million). The position was opened on February 28 at $64,534 with 40x leverage and a liquidation price of $70,730. As of March 2, the position is floating at a $1.187 million loss. A limit sell order at $55,000 aims to lock in profits if BTC declines further.

BlockBeats news, on March 2, according to on-chain analyst Aunt Ai (@ai_9684xtpa), user folhas99 opened a 40x BTC short position on February 28 during the market downturn and currently holds 750 BTC (approximately $49.63 million), making it the top BTC position on Hyperliquid. The entry price was $64,534, the liquidation price is $70,730, and the current unrealized loss is $1.187 million.


He placed a limit sell order at $55,000, locking in a profit of $11,000 if BTC declines further.

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