A whale wallet starting with 0x66 added 800 BTC to an existing short during a sharp upward move in Bitcoin, bringing its 40x leveraged BTC short to 1,200 BTC and making it the largest BTC short on Hyperliquid, according to monitoring data from TradingBeats, formerly Hyperinsight. The position is currently showing an unrealized loss of $2.39 million. Data cited by BlockBeats showed the entry price at $66,891 and the liquidation price at $70,039. The same address is tagged as both a “high-profit” account and a “whale.” Under TradingBeats’ labeling standard, that means its cumulative historical profit and loss exceeds $1 million, while the net value of its perpetual futures account, excluding spot holdings and staked assets, falls between $1 million and $5 million. The address has a 55% win rate across its closed historical trades. The move came as BTC rose quickly during the evening session.
On Aug. 20, BlockBeats reported that monitoring data from TradingBeats, formerly Hyperinsight, showed a whale address beginning with 0x66 adding 800 BTC to an existing short during a rapid evening rally in Bitcoin. That pushed the trader’s 40x leveraged BTC short to 1,200 BTC, making it the largest BTC short position on Hyperliquid for now.
The position is currently sitting on an unrealized loss of $2.39 million. The reported average entry price is $66,891, and the liquidation price is $70,039.
TradingBeats data also shows the address is labeled as both “high-profit” and “whale.” Under that classification, the wallet’s cumulative historical PnL is above $1 million, while the net value of its perpetual account, excluding spot holdings and staked assets, is between $1 million and $5 million. Its win rate across completed historical trades stands at 55%.
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