Whale traders are also shorting, and this short position isn't that impressive!

On July 5th, according to HyperInsight monitoring, a whale address starting with 0x5D2 added $16.45 million (138.9 BTC) to its 40x BTC short position on HyperLiquid, currently facing an unrealized loss of $447,000. The specific position details are as follows:

Opening Price: $107,464.40

Leverage: 40x

Position Amount: $70,437,384.89

Position Quantity: 651.28

Profit and Loss: -$447,793.90

Liquidation Price: $116,670.030