CoinWorld News reports that on July 8 (UTC+8), according to on-chain analyst Spot On Chain (@spotonchain), a whale who previously made a profit of $13.6 million on the Hyperliquid platform has re-entered the market, opening a high-risk short position in Bitcoin. In the past 19 hours, this investor used $4 million USDC as margin to establish a total of 1097.47 Bitcoin (approximately $118.8 million) with a 40x leverage short position. The entry price was $107,926.6, the liquidation price is $116,510, and the current unrealized profit and loss (including funding rates) is $1.176 million.