Bitcoin Whale 0x5D2 Tops Hyperliquid BTC Short With $127M Position and 160% Unrealized Profit

As of November 13, HyperInsight reports that address 0x5D2 remains a prominent BTC short position. The wallet previously opened a 20x BTC short on May 9, generating about $8.97 million in profit through funding-rate settlements. The current position size sits near $127 million, with an unrealized gain of roughly $10.05 million (about 160%). The average fill price is around $11,150, and this stance is identified as the top BTC short on Hyperliquid, underscoring sustained leverage interest.

Earlier in the year, the same address opened multiple sizeable BTC short bets, four in total, each ending in losses totaling roughly $5.48 million. A partial exit on October 11 reduced the exposure by 40% and realized approximately $5.17 million in profit, illustrating tactical scaling in response to market moves.