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I just noticed that the BTC price has jumped above 77K, and this creates an interesting situation on Hyperliquid. There is one address with a huge short position on BTC with 40x leverage — yesterday, they opened a position of 40.5 BTC (around 3 million dollars), but already took a 125% loss. A wild result in just one night.
The funniest part — what remains of this position? About 1.82 million in short, and it has already been partially liquidated at 1.19 million. Current losses have reached $130,000. On Hyperliquid, this address is now among the top closest to liquidation — their exit price is only 0.5% below the current BTC price. Just a slight push upward — and the position will vanish.
Such moments show why traders on Hyperliquid with huge leverage risk everything in a single day. Address 0x7f92f504b03f52abc8243f7e7ef7a3444490bc23 is a classic example of a short position collapse with maximum risk.