Bitcoin Whale Opens Largest BTC Short on Hyperliquid, Surpassing BTC OG Insider Whale

COINOTAG News, December 19, per HyperInsight, reports a whale address beginning with 0xa8 has extended its 40x leveraged BTC short in the current hour. The aggregate notional has risen by about $78.6 million, lifting the short position to roughly $94.1 million. Entry price sits near $87,200, with liquidation around $89,400 and an unrealized gain of about $360,000 (11%). A protective stop is set at $88,000–$88,300, with take-profit targets in the $79,000–$83,000 range.

Since opening the BTC short on December 8, the address has periodically closed and rolled positions, realizing nearly $3 million in profit from this exposure. The load now surpasses the BTC OG Insider Whale long and stands as the largest BTC short on Hyperliquid, illustrating persistent whale-driven liquidity dynamics and the ongoing emphasis on risk-managed short bets in the market.