Hyperliquid Whale Establishes $32.36 Million Leveraged Bitcoin Short Position

A whale on decentralized exchange Hyperliquid has established a 13x leveraged short position on 391.48 Bitcoin valued at $32.36 million, entering at an average price of $82,863.10 with liquidation set at $99,801.20. The position holds an unrealized profit of roughly $75,500 and makes up about 1% of the exchange's 38,040 BTC open interest. This follows an October 8 trade where a newly created wallet opened a 40x leveraged long on 54.1 BTC worth $4.42 million at $81,778.60, with a narrow liquidation price of $80,819.10.