BTC if continues to rise to $72,100, the second largest on-chain short position of 46.4 million will face partial liquidation

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Mars Finance reports that on March 25, according to Hyperinsight monitoring, the second-largest short position whale on Hyperliquid (0xedf) added to their BTC short position again within the past hour, increasing by approximately 150 BTC, worth about $10.7 million. After this addition, their total short position reached $46.6 million, with the average price lowered from $70,595 to $70,274, currently showing an unrealized loss of $520,000, about 45%. The liquidation price is $71,218.

Following the increase, the address immediately set stop-loss and take-profit orders: if BTC rises to the $71,480–$72,420 range, partial reduction will be triggered; if the price falls back to $69,650, they plan to take profit on 70% of the position, with the remaining position’s take-profit target extended to $63,500.

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