COINOTAG News reports, citing Hyperinsight data, that the largest BTC short on Hyperliquid is currently a $165 million bet against bitcoin, leveraged at 20x. The position shows a floating profit of $2.4 million and an average entry price of $88,077.9.

The same exposure also carries a $54 million ETH short position with a profit of $1.8 million, and an $18 million SOL short position with a profit of $500,000.

As of December 23, the snapshot highlights how crypto market participants deploy targeted hedges across major assets, signaling risk-off positioning within crowded liquidity pools. Ongoing monitoring of leverage, profits, and entry prices remains essential for traders tracking funded positions on Hyperliquid.