A whale who made $13.6 million in profits on Hyperliquid opens a 40x short position on Bitcoin with a liquidation price of $116,510

According to Jinse Finance, on-chain analyst Spot On Chain has monitored that a whale who previously made $13.6 million in profits on the Hyperliquid platform has returned to the market, opening a high-risk short position on Bitcoin. Over the past 19 hours, this whale deposited a total of 4 million USDC as margin and established a 40x leveraged short position of 1,097.47 BTC (approximately $118.8 million). The entry price was $107,926.6, with a liquidation price of $116,510. The current unrealized profit and loss (including funding rate) stands at +$1.176 million.