A certain smart money has increased its position by 40 times in Bitcoin, with a short position and an average entry price of 117700 US dollars

According to BlockBeats, on July 12th, according to on chain data, a certain smart money placed a 40 fold Bitcoin short position on Hyperliquid 20 minutes ago, with a current Bitcoin short position value of 17.865 million US dollars and an average entry price of 117700 US dollars. This address currently holds multiple mainstream currency empty positions on Hyperliquid, such as holding 25 times ETH empty positions worth $15.34 million. The address has accumulated a profit of $34.25 million, but has incurred a loss of $4.2 million in the past 7 days.