A large Hyperliquid Bitcoin short tied to wallet address 0xff84 was earlier reported near forced liquidation after the trader cut roughly 250 BTC from a peak position of about 1,793 BTC, realizing about $33,400 in losses to reduce risk as BTC climbed. In a later update, on-chain analyst Ai Yi said the whale trimmed another 650 BTC at 20:30 for a $167,000 realized loss, then added back 269.35 BTC at 23:00, leaving a 1,412 BTC short worth about $89.79 million with a floating profit of about $456,000. Ai Yi said the trader had effectively lost $978,000 after cutting the position three times in a week. The sequence reflects rapidly changing snapshots as the whale actively adjusted a highly leveraged bearish bet that had originally been opened around Aug. 5 and at one stage was valued at about $114 million.