A top-level short seller on the Hyperliquid platform has recently increased their position, this time investing $11.87 million to short BTC and ETH. Currently, the margin utilization rate of this address has soared to 106.5%, and it is in a rolling position, indicating a high risk level.

Data shows that this short seller's total holdings amount to $276 million, with bets on assets including BTC, ETH, HYPE, PEPE, and XMR. Among them, BTC short positions account for the largest share at 54%, with a liquidation price around $92,315.4; ETH positions make up 36%, with a liquidation price of $3,107.88. The floating profit currently stands at $5.62 million.

Such highly leveraged positions are particularly sensitive to current market fluctuations. If prices break upward, they may face a chain of liquidations. However, from the positioning layout, this trader is clearly continuing to increase their short bets, showing a very decisive short-term market outlook. It is worth monitoring the subsequent position movements.