PANews reported on July 8 that according to Spot On Chain monitoring, a whale that had achieved a profit of US$13.6 million on the Hyperliquid platform made another move and established a high-risk Bitcoin short position with 40x leverage.

Current BTC transaction details:

• Total margin: 4 million USDC;
• Position size: 1,097.47 BTC (about $118.8 million);
• Opening price: $107,926.6;
• Liquidation price: USD 116,510;
• Unrealized P&L: +$1.176 million (including funding rate).