Data: If BTC rises to $96,100, the 120 million short positions of the largest short address on Hyperliquid will be liquidated

According to monitoring by HyperInsight, the well-known player address (0x7b7b) on the crypto betting platforms Roobet and Stake.com opened a 40x BTC short position with full margin early yesterday morning, which has now fallen below the average holding price from profit to loss. The current position size is approximately $123 million, with an average price of $95,270 and a liquidation price of $96,100, which is about 0.52% away from liquidation. Currently, it also holds short positions in ZEC and XRP, both of which are nearing liquidation.

Previously, this address transferred $7 million to Hyperliquid on November 6 and used the entire amount to short BTC, recording a loss of $6.89 million. Later, it made multiple profits by buying and selling BTC, ETH, and XRP throughout the day, with funds now recovering to $3.1 million. The total nominal value of the holdings is approximately $150 million, making it the largest BTC short on Hyperliquid.