Whale Shorts 750 BTC with 40x Leverage, Currently Floating a Loss of $1.187 Million

Odaily News, according to monitoring by crypto analyst Ai Yi @ai_9684xtpa, user folhas99 opened a 40x short position on BTC during the market decline on February 28th. Currently holding a position of 750 BTC, with a position size of approximately $49.63 million, this is the largest BTC position on the Hyperliquid platform. The entry price was $64,534, with a liquidation price of $70,730. The current floating loss is approximately $1.187 million.

On-chain data shows that this address has placed a limit sell order at the $55,000 level. If the price drops by approximately $11,000, the profit target will be reached.