PANews March 2 News, according to on-chain analyst @ai_9684xtpa monitoring, user folhas99 opened a 40x short position on BTC when the market declined on February 28. They now hold 750 BTC (approximately $49.63 million), making it Hyperliquid TOP1 BTC position. Entry price was $64,534, liquidation price is $70,730, currently with an unrealized loss of $1.187 million.
They placed a limit sell order at $55,000, aiming to take profit if BTC drops another $11,000.
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