The largest short position of BTC on Hyperliquid, amounting to 120 million in short orders, is nearing liquidation, with a liquidation price of $96,100. According to BlockBeats news on November 17, HyperInsight monitored that a well-known player address (0x7b7b) from Roobet and Stake.com opened a 40x BTC short order with full margin in the early hours of yesterday, which has now fallen below the average position price, resulting in a loss. The current position size is about $123 million, with an average price of $95,270, and a liquidation price of $96,100, which is approximately 0.52% away from liquidation. Currently, this address also holds short positions in ZEC and XRP, both of which are approaching liquidation. On November 6, this address transferred $7 million to Hyperliquid and used the entire amount to short BTC, recording a loss of $6.89 million. Later, they engaged in momentum investing for BTC, ETH, and XRP multiple times, which resulted in profits, and the funds have now rebounded to $3.1 million. The total notional value of their holdings is approximately $150 million, making it the largest short position of BTC on Hyperliquid.