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TechFlow reports, on March 15, according to on-chain analyst Ember (@EmberCN), a "Hyperliquid 50x leverage whale" used 7.016 million USDC as margin to short Bitcoin with 40x leverage. The total short position is currently 3,960 Bitcoins, worth $330 million. The entry price was $84,040, with a liquidation price at $84,745. The position currently holds $1 million in unrealized profit.
According to on-chain analyst EmberCN (@EmberCN), the "Hyperliquid 50x leverage whale" has used 7.016 million USDC as margin to short Bitcoin with 40x leverage. The total short position is currently 3,960 BTC, worth $330 million, with an entry price of $84,040 and a liquidation price of $84,745. The position is currently up $1 million in unrealized profit.
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