Hyperliquid Whale Expands Bitcoin Short to 1,249 BTC Worth $93.31 Million

A major trader on decentralized perpetual exchange Hyperliquid increased an open short position to 1,249.169 Bitcoin, carrying a notional value of approximately $93.31 million as reported on November 10. The position held by wallet address 0x3ff54f...f705 rose by 139.844 BTC, or about 12.6%, from 1,109.325 BTC valued at $89.10 million on October 25, having previously stood at 525.806 BTC on October 16. Bitcoin traded around $74,700 on November 10, down from $80,317 on October 25. Separately, address 0x66f889...75a9 held a 394.015 BTC short on November 9.