According to BlockBeats, on-chain tracking platform HyperInsight has flagged a major move by a whale trader identified by wallet address starting with 0x5D2F. The trader has added 257.45 $BTC to an existing short position, increasing the total position value to a massive $118,536,791.

🔍 Position Details:

Total BTC in Short Position: 1,097.47 BTC

New BTC Added: 257.45 BTC

Opening Price: $107,926

Leverage Used: 40x

Liquidation Price: $115,597

Current PnL (Unrealized Loss): -$90,420

This move comes amid ongoing market volatility, signaling that the whale expects further downside in Bitcoin's price. With such high leverage, the position is highly sensitive to price swings. If BTC climbs toward $115,597, the entire position risks liquidation.

📉 At the time of writing, BTC is hovering near the $108,000 mark, keeping the trade in a tight risk zone.

#BTC