1,097 BTC short position worth $118.8 million, 40x leverage bombarding Bitcoin! 🤷🤷🤷

According to Mlion.ai, a whale that previously made $13.6 million in profit on Hyperliquid has opened a 40x short position on Bitcoin, with a liquidation price of $116,510. In the past 19 hours, this investor has used $4 million USDC as margin to establish a total of 1,097.47 bitcoins (approximately $118.8 million) in 40x leveraged short positions. The entry price was $107,926.6, and the liquidation price is $116,510. The current unrealized profit and loss (including funding fees) is $1.176 million.

1,097 BTC short position worth $118.8 million, with $1.17 million in profit already dancing on the edge of a knife. The liquidation price is just around the corner.