40x short whale holds over $100 million in BTC short positions, only 1.4% away from liquidation price
According to ChainCatcher, monitored by HyperInsight, the 40x short whale wallet address starting with 0xa523 has added another 135.11 BTC short positions. The current position is worth approximately $100.6 million, with an unrealized loss of about $2.585 million. This whale is using 40x leverage, with an average entry price of around $112,300. The current liquidation price is about $115,200, which is only 1.4% higher than the current price, significantly increasing the risk of liquidation.
This address has lost $43.4 million in the past month, surpassing Aguila Trades, insider trader qwatio, and JamesWynn, becoming the biggest loser on Hyperliquid.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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