On April 9, Hyperliquid monitoring showed that a whale address starting with 0x2fc, which incurred losses exceeding $2.4 million during the week, opened a BTC short position with 40x leverage in the past 20 minutes, totaling 423.4 BTC, equivalent to approximately $30.2 million, at an average price of $71,113 and a liquidation price of $71,941. Less than half an hour after opening the position, it has already incurred a paper loss of 11%, making it the address among Hyperliquid’s multi-million-dollar whale positions closest to liquidation.
Whale Address 0x2fc Opens $30.2M BTC Short Position on Hyperliquid
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Summary
On April 9, Hyperinsight tracked a whale address starting with 0x2fc opening a $30.2M BTC short position on Hyperliquid. The trade involved 423.4 BTC at $71,113, using 40x leverage. The account had already incurred an 11% unrealized loss within 30 minutes, with a liquidation price of $71,941. The whale had lost over $2.4M in the previous week, and the position size indicates a high-risk strategy.
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