according to on-chain analyst Ai Yi (@ai_9684xtpa), user folhas99 opened a 40x short position on BTC when the market dropped on February 28th, currently holding 750 BTC (approximately 49.63 million USD), making it the top BTC position on Hyperliquid. The opening price was 64,534 USD, the liquidation price is 70,730 USD, and the current unrealized loss is 1.187 million USD. He placed a limit sell order at 55,000 USD, meaning BTC needs to drop another 11,000 USD to take profit.
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The largest BTC position on Hyperliquid is bearish on Bitcoin, predicting it will fall to $55,000.
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