According to @ai_9684xtpa, the top BTC short on Hyperliquid has a remaining $138 million short position now showing an unrealized loss of $5.526 million after a swift rebound; the address and metrics are viewable on the hyperbot.network trader page for 0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7, indicating elevated drawdown pressure for the short side, source: @ai_9684xtpa on X; hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. According to @ai_9684xtpa, the whale has shorted BTC four times since March 2025 and realized profits on 40 percent of the position during the Oct 11 flash crash, suggesting ample capital per the author’s note, source: @ai_9684xtpa on X. According to @ai_9684xtpa, the trader added 2,000,000 USDC to margin roughly one hour ago, lifting the liquidation price to $120,804.7; the update aligns with the position tracker cited, source: @ai_9684xtpa on X; hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. For trading context, a higher liquidation threshold provides the short more price buffer before forced closure under exchange risk rules, which can reduce immediate liquidation risk if spot remains below the threshold, source: docs.hyperliquid.xyz.