BTC surged 9% overnight, and Hyperliquid's top short positions were almost completely reshuffled. 1⃣ The former top short seller, 0x8c96…ca57, suffered the worst. From $64,889 to $69,575, they were liquidated 10 times in a row, losing a total of 1,823 BTC and confirming a loss of $2.97 million. Their position is now completely wiped out. 2⃣ 0xff84…8f1d went through repeated cycles of 'reducing position—reopening—getting liquidated again.' After their remaining 74.87 BTC was liquidated at $69,706 last night, they opened a new short position of 20 BTC at $69,493 this morning. Currently, they only hold a 20 BTC short position worth $1.39 million, with a cost basis of $69,493 and a liquidation price of $70,650. 3⃣ The address 0x004e…1bb8, which previously closed out 1,700 BTC long positions, also faced consecutive losses after switching to shorts. Their reopened 600 BTC short position was fully liquidated at $69,532, resulting in a single loss of $703,400. This address has now shifted to ETH, holding a 10,000 ETH short position worth $22.56 million, with a cost basis of $2,253 and a liquidation price of $2,299. 4⃣ The new largest BTC short seller, 0x66f8…75a9, is currently bearing the market pressure. Last night, this address added 800 BTC to their short position at $68,062. They now hold a total of 1,200 BTC short positions worth $83.41 million, with a cost basis of $66,892, an unrealized loss of $3.14 million, and a liquidation price of $71,258. This round of BTC's rally has reshuffled the chips among short sellers—some have reduced risk, some were forced out, and some continue to bet on the top. Current top short seller: https://www.(aicoin.com)/zh-Hans/hyper-detail/0x66f889094739dbb7d20aa60f645acd88feba75a9