A 40x $BTC short position on Hyperliquid, which has accumulated losses of approximately $1.7 million, is now only about $480 away from liquidation. At 23:19 to 23:46 last night, as BTC surged toward $75,500, the trader with address 0x4b62… had their short position partially liquidated in three separate instances by the system, totaling 27.33 BTC, resulting in losses of approximately $31,500. The remaining 28.67 BTC are still holding: average entry price of $74,184, liquidation price of $75,770. The account now holds only about $41,000 and has lost approximately $928,000 over the past week. At 7:58 this morning, BTC’s mark price was $75,289. Having been partially liquidated does not mean the position is safe or that the risk has passed.
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