CoinVoice has learned that, according to on-chain analyst Ai Yi (@ai_9684xtpa), "since March 2025, the four major short positions on BTC by whales" have cumulatively added 5.5 million USDC in margin to Hyperliquid to maintain their remaining positions. Currently, their holdings of 1135.02 BTC (approximately 131 million USD) are still experiencing an unrealized loss of 9.135 million USD, with a liquidation price of 121,070 USD. [Original link]