Bitcoin was quoted at about $80,840 on Aug. 25, up roughly 4.3% over the past 24 hours, according to TradingBeats, formerly Hyperinsight. That move has pushed a newly opened whale short on Hyperliquid, tied to an address beginning with 0x6046, to about 2.5% from liquidation. TradingBeats said the position is currently both the closest to liquidation and the largest by size on the platform.
The trader built the short in batches last night, selling 559.4 BTC at an average entry of $79,318.4. The short is now valued at about $45.218 million, showing an unrealized loss of around $851,000 and a return rate of about -38.4%. The position uses 20x cross leverage, with liquidation set near $82,896.5. A rise of about $2,057 from the current BTC price, or around 2.5%, would hit that level.
As of publication, the whale had not placed any public stop-loss, take-profit, or size-reduction orders, and the full 559.4 BTC short remained open. The address is on its first recorded activity on Hyperliquid. Earlier yesterday evening, it received about 992,000 USDC from an address starting with 0x6b9e and began shorting BTC roughly 90 seconds later, later adding about 1.6 million USDC in two margin top-ups for a cumulative $2.592 million in funding.
Bitcoin traded at about $80,840 on Aug. 25, up roughly 4.3% over the past 24 hours, according to TradingBeats, formerly Hyperinsight.
That rally has pushed a whale address beginning with 0x6046, which only opened a large short position yesterday, to within about 2.5% of liquidation. TradingBeats said it is currently the closest address to liquidation on Hyperliquid and also the largest by position size.
Position size and liquidation level
The whale built a 559.4 BTC short in batches last night at an average entry price of $79,318.4. The position is now worth about $45.218 million, with an unrealized loss of around $851,000 and a return rate of about -38.4%.
The trader used 20x cross leverage, and the current liquidation price stands at about $82,896.5. If BTC rises another roughly $2,057 from the current level, or about 2.5%, the position would reach liquidation.
As of publication, the whale had not placed any public stop-loss, take-profit, or partial close orders. The full 559.4 BTC short remained open.
Account activity and margin deposits
The address is making its first recorded appearance on Hyperliquid. Yesterday evening, it first received about 992,000 USDC from an address beginning with 0x6b9e. Roughly 90 seconds after the funds arrived, it started shorting BTC. It later added about 1.6 million USDC in two separate margin deposits alongside position increases, bringing total funding received to about $2.592 million.
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