A Hyperliquid reading put one trader’s Bitcoin (BTC) short at 200 BTC, or about $15 million, with 30x leverage, adding to a series of sizable short positions reported on the platform.
The larger reading listed an average entry price of $75,303.60. The $15 million figure describes the position’s approximate notional value at that entry price, rather than a realized gain or loss.
EyeOnChain identified the address as 0xc3ed57a7a8fa374af47eba5dd713bc2946f800dd. EyeOnChain’s snapshot captured the wallet’s short exposure at 100 BTC. The figures are readings of one address at different points, rather than evidence of two separate shorts.
A Bitcoin short gains value when Bitcoin’s price falls and loses value when it rises. The readings describe the size of the position, without establishing its eventual result.
In a Nov. 6 review of large Hyperliquid positions, EconoTimes tallied $3.37 billion in longs and $3.97 billion in shorts, putting short exposure ahead by about $600 million across the accounts reviewed.
An earlier Bitcoin short tracked by EconoTimes covered 300 BTC on Oct. 22. That position used 40x leverage and carried about $24.56 million in notional value.
