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

On July 8 (UTC+8), according to on-chain analyst Spot On Chain (@spotonchain), a whale who previously profited $13.60 million on the Hyperliquid platform has re-entered the market, opening a high-risk Bitcoin short position. In the past 19 hours, the investor used $4.00 million USDC as collateral to establish a total of 1097.47 Bitcoin (approximately $118.80 million) with 40x leverage short position. Their entry price was $107,926.60, the liquidation price is $116,510.00, and the current unrealized profit and loss (including funding rate) is $1.176 million. (Source: Mlion.ai) [MetaEra]