BTC Short Position Faces Liquidation Risk Amid Price Surge

On April 27, Hyperinsight reported that a significant BTC short position on the Hyperliquid platform is nearing forced liquidation. According to BlockBeats On-chain Detection, the address starting with 0xbac is closest to liquidation, with a liquidation price set at $80,929. Last night at 22:00 UTC+8, the whale opened a BTC short position with 40x leverage, just before the current price surge began, contrary to market trends. The position now stands at 175 BTC, with a total value of approximately $13.8 million, and an average entry price of $77,915. The unrealized loss has reached 54%.