A whale shorted Bitcoin with 40x leverage, with a position size of $118.8 million and a liquidation price of $116,510.

On July 8, according to Spotonchain monitoring, a whale who had previously realized a profit of $13.60 million on Hyperliquid has returned to the market and opened a high-risk 40x leverage Bitcoin short position. Current $BTC transaction details:

• Total USDC deposit used for margin: $4.000 million

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

• Opening price: $107,926.6

• Liquidation price: $116,510

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