'Largest On-Chain BTC Short' Shorts $165 Million BTC with $2.4 Million Unrealized Profit

On December 23, Hyperinsight monitoring showed that the 'largest BTC short' on Hyperliquid used 20x leverage to short $165 million BTC, with an average entry price of $88,077.9 per coin, resulting in an unrealized profit of $2.4 million. Additionally, the account holds $54 million worth of ETH shorts with $1.8 million unrealized profit, as well as $18 million worth of SOL shorts with $500,000 unrealized profit.