VBVIT Held $104 Million Bitcoin Short on Hyperliquid With $4.89 Million Gain.

As of Nov. 4, VBVIT held a 25x leveraged short in 1,376.07 Bitcoin (BTC), worth about $104 million, with an unrealized gain of $4.89 million on Hyperliquid.

The position’s average entry price was $79,860.80. It was the BTC short with the highest unrealized profit on Hyperliquid. The account had also received about $426,000 in funding payments.

VBVIT’s account held about $163 million in positions, with 95% on the short side. BTC made up 63.8% of the positions. Other exposures included Ether (ETH) and XYZ100, a Nasdaq-100 instrument.

A Sept. 21 snapshot of the same address showed a 1,320.73 BTC short at an average entry price of $79,470, with an unrealized loss of $6.7 million.