Bitcoin News Today: Three major Hyperliquid whales boost short positions pushing unrealized losses past $12.8 million raising liquidation risk

Three major short-sellers on the Hyperliquid platform have significantly increased their bearish bets in recent hours, pushing their combined unrealized losses beyond $12.8 million and heightening the risk of margin calls. According to monitoring data from HyperInsight, the three whale accounts—identified by their wallet addresses—have continued to expand their short positions despite the growing exposure [1].

The whale with address prefix 0x5d2f44 increased its Bitcoin short position by $810,000, bringing the total unrealized loss for this position to $9.4 million. The position is now at a critical liquidation threshold of $127,831 per BTC. Similarly, the wallet starting with 0x49F306 added $850,000 to its Ethereum short position, with an unrealized loss of $1.08 million and a liquidation price set at $4,615 per ETH. Meanwhile, the whale with address prefix 0x880ac4 added 28.13 million PUMP tokens to its short position, accumulating an unrealized loss of $2.36 million, with a liquidation trigger at $0.005 per PUMP.

The combined exposure of these three accounts indicates a substantial buildup of risk, as any upward movement in the prices of BTC, ETH, or PUMP could trigger cascading liquidations. Such events could further destabilize market sentiment, particularly in a volatile environment where leverage is widely used. Analysts have previously highlighted the risks associated with concentrated short positions held by large accounts, as their liquidation can lead to forced selling pressure and increased market turbulence [1].

The recent activity underscores the ongoing bearish bias among some of the largest traders on Hyperliquid. However, with unrealized losses climbing into the tens of millions, these positions are now highly susceptible to sudden price swings. The market will be watching closely for any signs of margin calls, as the ripple effects could influence broader market dynamics.

Source: [1] title: The three major Hyperliquid whales have once again increased their short positions, with a total unrealized loss of over $12 million, exacerbating the liquidation risk. (url: https://www.theblockbeats.info/en/flash/307071)