Hyperliquid's Largest Bitcoin Short Adds to Position as BTC Rises

On September 21, TradingBeats monitoring showed that the address 0xfc27, labeled on the platform as Polymarket user "VBVIT" and identified as Hyperliquid's largest BTC short, continued adding to its short position as BTC climbed. According to BlockBeats On-chain Detection, the address held a 1,320.73 BTC short position with an average entry price of about $79,470.40, using 25x leverage. As of press time, BTC was trading at about $84,547, leaving the account with an unrealized loss of about $6.7048 million and a liquidation price of about $86,951.25, less than 3% above the current price. Recent trade records showed the address also added to its short position when BTC traded between about $82,700 and $83,300. The address also held about $76.46 million in ETH shorts, with an unrealized loss of about $4.44 million. Its 87 perpetual positions together showed an unrealized loss of about $13.84 million.