Coinbob data shows the largest BTC short on Hyperliquid has yielded over $32 million in unrealized profit, highlighting high-leverage trading risks and rewards in crypto derivatives markets.
Coinbob reports that the largest Bitcoin short position on Hyperliquid belongs to an account holding 1,231.98 BTC with 20x leverage at a cost of $111,499. The position has generated an unrealized profit of $32.02 million, reflecting a 466.29% gain, with a liquidation price of $101,659. The account’s total value is $21.469 million and its overall leverage is 4.9x. This aligns with previous findings showing the address 0x5D2F maintained similar positions for months, earning substantial trading and funding fee gains.