On March 2, according to on-chain analyst Ai Yi (@ai_9684xtpa), user folhas99 opened a BTC 40x leveraged short position during the market downturn on February 28. Currently, their position size has increased to 750 BTC (approximately 49.63 million USD), making it the largest BTC position on the Hyperliquid platform.
The average opening price for this position is 64,534 USD, with a liquidation price of 70,730 USD, and the current unrealized loss is approximately 1.187 million USD.
It is worth noting that they have placed a limit take-profit order around 55,000 USD, indicating that if BTC continues to drop by about 11,000 USD, this position will choose to realize the profit.
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