A Hyperliquid whale, identified as @qwatio by EmberCN, is currently navigating a precarious situation with a massive $120 million Bitcoin (BTC) short position. The position is nearing its liquidation price of $114,491, putting significant pressure on the trader. To mitigate the risk of liquidation, @qwatio reportedly closed existing short positions on Ethereum (ETH) earlier today. This strategic move was aimed at increasing the margin available on the BTC short position, providing a buffer against further price increases and potentially delaying or preventing liquidation. The crypto market is volatile and this whale is trying to avoid liquidation. Monitoring this situation closely as liquidation could trigger volatility. ```

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