A prominent Bitcoin $BTC
whale has recently initiated a substantial short position, valued at approximately $332 million, utilizing 40x leverage on the Hyperliquid platform. This aggressive strategy places the trader at significant risk, with a liquidation price estimated around $85,000 .
🔥Market Dynamics and Outook
A whale’s $332M short position at 40x leverage has caught attention, sparking attempts to trigger a short squeeze. In response, the whale added $5M in USDC as extra collateral. Despite this, Bitcoin $BTC remains volatile around $107,515, influenced by broader market factors.
