Bitcoin News Update: Hyperliquid's BTC Short Balances on Edge: $17 Million Profit Nears as $111,000 Liquidation Threatens

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Bitget-RWA2025/11/14 06:16

By:Bitget-RWA

- Hyperliquid's largest BTC short holds $17M unrealized gains, risking liquidation above $111,770 amid volatile $106K price. - 20x leveraged position shows 4.86% profit from $111K entry, with 55% of platform's $5.3B total positions in shorts. - $30M POPCAT manipulation incident exposed liquidity risks, causing $63M liquidations and $4.9M HLP losses. - BTC faces bearish pressure below $101K despite 15/1 technical buy signals, as ETF inflows revive institutional demand.

Hyperliquid's largest

Bitcoin

short position has now accumulated more than $17 million in unrealized gains, as traders place take-profit targets between $89,000 and $91,000 during heightened market volatility. This position, representing a 1.23K

BTC

short worth $131 million,

is at risk of liquidation if Bitcoin climbs above $111,770

, according to CoinGlass analytics. The trader, who is using 20x leverage, currently has a 4.86% profit from an average entry of $111,499.30, while Bitcoin's price stands at $106,443 as of November 10

based on market data

Across the broader crypto sector, $343.89 million has been liquidated in the past 24 hours,

with 74.7% coming from short positions

. This pattern indicates ongoing upward momentum for Bitcoin, which has surged past $106,000 following six consecutive days of ETF outflows. Institutional interest has returned,

as US-listed BTC spot ETFs saw $240 million in new investments on Thursday

, bringing total assets to $135.43 billion.

Bitcoin News Update: Hyperliquid's BTC Short Balances on Edge: $17 Million Profit Nears as $111,000 Liquidation Threatens image 0

Hyperliquid's major trading activity extends beyond Bitcoin. The platform's top positions amount to $5.336 billion,

with short trades making up 55.36% of the total

and generating $175 million in unrealized earnings. Of note,

a whale address 0x5b5d..60 holds a 10x leveraged ETH short at $3,533.78

, resulting in $5.0451 million in profit. Meanwhile, another trader's $34.74 million BTC short

could be liquidated if Bitcoin exceeds $193,007.90

Despite this, Hyperliquid has come under fire for liquidity concerns.

A recent $30 million manipulation event involving the memecoin POPCAT

led to a 43% price plunge and $63 million in forced liquidations.

An unidentified trader withdrew $3 million in USDC from OKX

, spread the funds across 19 wallets, and built an artificial buy wall at $0.21 before crashing the price. Hyperliquid's liquidity pool (HLP)

took on $4.9 million in losses

, prompting questions about the platform's risk controls.

These incidents underscore the delicate balance between innovation and security in decentralized derivatives. Although November has historically been a strong month for Bitcoin, averaging a 42% return,

the current bearish mood—worsened by long-term holders selling

has pushed BTC below $101,000. Traders remain wary, as technical analysis shows 15 buy signals against just one sell, with the RSI at 66,

indicating a neutral to bullish trend

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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