A whale who made a profit of $13.60 million on Hyperliquid has opened a 40x short position on Bitcoin with a liquidation price of $116,510.00.

On July 8, on-chain analyst Spot On Chain (@spotonchain) monitored that a whale who had previously profited $13.600 million on the Hyperliquid platform has returned to the market and opened a high-risk Bitcoin short position.
In the past 19 hours, this whale deposited a total of 4.000 million USDC as margin and established a 40x leveraged short position of 1097.47 Bitcoin (approximately $118.800 million). Its entry price was $107,926.6, the liquidation price was $116,510, and the current unrealized profit and loss (including funding rate) is +$1.176 million. [Deep Tide TechFlow]