A certain whale opened a BTC short position with 40 times leverage and currently has a floating profit of $1.176 million

According to Spot On Chain monitoring, a giant whale that has achieved a profit of $13.6 million on the Hyperliquid platform has made another move and established a high-risk Bitcoin short position with 40 times leverage. Current BTC trading details: Total amount of margin: 4 million USDC; Position size: 1097.47 BTC (approximately $118.8 million); Warehouse building price: 107926.6 US dollars; Strong flat price: $116510; Unrealized profit and loss:+1.176 million US dollars (including funding rates).