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

According to Mars Finance, on March 25th, Hyperinsight monitoring showed that the second-largest short whale on Hyperliquid (0xedf) added to its BTC short positions again in the past hour, increasing its holdings by approximately 150 BTC, worth about $10.7 million. After this addition, its total short position size rose to $46.6 million, with the average price decreasing from $70,595 to $70,274. Currently, it has a floating loss of $520,000, a loss of approximately 45%, with a liquidation price of $72,118. Immediately after adding to its position, the address placed stop-loss and take-profit orders: if BTC rises to the $71,480-$72,420 range, it will trigger partial profit-taking; if the price falls back to $69,650, it plans to take profit on 70% of the position, with the remaining position's take-profit target extended to $63,500.