PANews reported on January 22 that, according to on-chain analyst @ai_9684xtpa, the top short position holder on Hyperliquid BTC has increased its BTC and ETH positions by another $11.87 million, and is now rolling over its positions with a margin utilization rate of 106.5%.

As of now, this address holds $276 million in short positions, including BTC/ETH/HYPE/PEPE/XMR, with BTC accounting for 54% (liquidation price $92,315.4) and ETH accounting for 36% (liquidation price $3,107.88), resulting in a floating profit of $5.62 million.