Hypurrscan data shows that the 'Hyperliquid 50x Insider Whale' has urgently reduced its position and raised the liquidation price to $108,720.

Previously, it opened a short position on 826 BTC with 40x leverage, with a position value of $88.36 million. The opening cost price was $107,192, and the liquidation price was $108,500.

Earlier news reported that James Wynn and the '50x Insider Whale' placed opposing orders on Hyperliquid, attracting market attention.