A wallet put $41.641 million short at 40x, and a 1.2% bounce takes it out
The address still holds the whole short, on 40x, with the close-out price 1.2% above the market.
An address starting 0xc3ed shorted about 500.88 Bitcoin on Hyperliquid during a dip on September 24.[1] The bet was worth $41.641 million.[1]
The wallet used 40x leverage on its own margin, and its close-out price sits at $84,174.1.[2] Bitcoin traded at $83,168 at press time, so a 1.2% bounce reaches that line.[3]
The address still held every coin at press time, and the bet was already losing money.[4] A forced close sells at market, into the same book your bids sit in.
The address closed nothing, and nothing closed it.
Who gains, who loses
Receipts
On September 24, 2026, a Hyperliquid address beginning with 0xc3ed shorted approximately 500.88 BTC during a BTC pullback.
“BlockBeats news, September 24 - According to TradingBeats monitoring, during a slight pullback in BTC, an address starting with 0xc3ed on Hyperliquid shorted approximately 500.88 BTC 10 minutes ago, with a cumulative position of…”
The position used 40x isolated leverage.
“It uses 40x isolated leverage, with a liquidation price of $84,174.1.”
BTC was trading at $83,168 at press time.
“BTC is currently trading at $83,168; if it rebounds by approximately 1.2%, it could potentially hit its liquidation line.”
At press time, the address still fully held the short position.
“As of press time, the address still fully holds the aforementioned short position, with a position value of approximately $41.657 million and an unrealized loss of approximately $16,000.”
Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.