Bitcoin: $103M Short Nears Liquidation on Hyperliquid

Bitcoin price action is squeezing a mysterious trader's 40x short of 1,600 BTC ($103M) on Hyperliquid, with liquidation now only 0.8% away at $64,888.97.

The newly funded wallet opened the position after depositing 2.44M USDC, betting against the current bullish trend structure where price trades above both EMA50 at $63,788 and EMA200 at $63,661. With price testing upper Bollinger resistance at $64,596 while RSI sits neutral at 60.11 and MACD shows a golden cross at 174.22, a healthy retracement to the 50-EMA support at $63,788 seems probable before further continuation. This setup directly influences BTC price prediction models and raises questions around potential crypto market crash scenarios if the short survives.