Back

Hyperliquid Whale Profits $5.23 Million from BTC Shorting Strategy

An on-chain analyst reveals that a Hyperliquid whale's $116 million BTC short position remains profitable with a steady liquidation price since June 13.

BTC

Summary

On June 18, on-chain analyst Ai Yi reported that a Hyperliquid whale holds a $116 million short position in Bitcoin with a profit of $3.36 million, opened at $107,766.3. The liquidation price remains at $110,950, indicating a stable strategy since June 13.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the first and most widely recognized cryptocurrency.
  • liquidation price: The price at which a leveraged position will be closed by the exchange to prevent further losses.
  • short position: A trading strategy that involves selling borrowed assets with the expectation of buying them back at a lower price.