**["40x Short Whale" Faces Increased BTC Liquidation Risk]** According to data from HyperInsight, the address starting with 0xa523, known as the "40x Short Whale," has added another 135.11 BTC to its short positions. The current position value is approximately $100.6 million, with an unrealized loss of $2.585 million. The whale's average entry price is around $112,300, with a liquidation price of $115,200—just 1.4% higher than the current price—significantly increasing the liquidation risk. Over the past month, this address has incurred losses of $43.4 million, making it the largest loser on the Hyperliquid platform.