On the Hyperliquid platform, two traders initiated short positions in Bitcoin, leveraging 40x for amounts near $114 million and $100 million. The liquidation levels for these trades are approximately $64,104 and $64,579, respectively. Each trader utilized around $5.4 million of their own funds for these transactions. Currently, these positions are the largest by nominal volume on the exchange, and there are no other open trades in either wallet.