A whale short Bitcoin 40 times, with a position size of $118.8 million and a liquidation price of $116,510

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On July 8, according to Spotonchain monitoring, a whale who previously realized a profit of $13.6 million on Hyperliquid returned to the market, opening a high-risk 40x leveraged short position on BTC. Current BTC trading details:

• Total USDC deposit for margin: $4 million

• Position size: 1,097.47 BTC (approximately $118.8 million)

• Entry price: $107,926.6

• Liquidation price: $116,510

• Unrealized profit and loss: +$1.176 million (including funding fees)

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