0xa523 Whale Shorts 684 BTC at $112,776 — Returns to Bitcoin Short with $77M Position, Liquidation at $113,922
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News on September 22 reports, per on-chain analyst Yu Jin, that the 0xa523-starting contract — identified as the largest loss address on Hyperliquid — has re-entered a concentrated shorting BTC position after prior trading activity.
Historical on-chain records show the address previously incurred losses of $35.84 million on a long ETH trade and $7.5 million on a BTC short, before realizing a $420,000 gain on an ASTER long. Current on-chain snapshots indicate a short of 684 BTC at an entry price of $112,776, yielding a position notional of approximately $77 million and a documented liquidation price of $113,922.
From a risk-management perspective, the concentration and proximity of the short to its stated liquidation price elevates margin and counterparty risk; market participants tracking on-chain flows and mark-price movements should note the position’s potential impact without inferring directional market outcomes.