Bitcoin Whale 0x5D2 Maintains Hyperliquid’s Largest BTC Short: $120M Position, 20x Leverage, and $16.92M Floating Profit

COINOTAG News, citing Coinbob’s Popular Address Monitor on November 14, reports Hyperliquid‘s largest BTC short tied to address 0x5D2. The 20x‑leveraged position opened May 9 carries a floating profit near $16.9 million, with about $120 million of on‑chain exposure at risk. Entry around $111,500 and a liquidation price near $105,700; partial exits at $88,900 and $91,400 leave it as Hyperliquid’s top BTC short.

Within the last hour, the same address withdrew roughly $8 million in collateral to the chain, lowering the liquidation price and leaving about $11.44 million of on‑chain funds untouched. This address has opened sizable BTC short bets four times this year, with aggregate losses near $5.48 million. A 40% take‑profit after Oct 11 funded a rollover, adding about $5.17 million; funding‑rate settlements total roughly $9 million to date.

Market data show Hyperliquid’s top three BTC short positions totaling about $261 million in notional value, all short with sizable floating profits. The largest BTC long (0xff) sits near $62.35 million but carries a floating loss of about $8.19 million.