Whale Who Shorted BTC 40x Liquidates Position, Loses Another $618,000

BlockBeats News, May 22, according to on-chain data analyst @ai_9684xtpa, a whale on Hyperliquid who had shorted Bitcoin 40 times leverage reduced their position, "liquidating" 161.79 BTC, suffering another loss of $618,000, with the current short position now reduced to a nominal value of $32.07 million.

Position Size: 287.63 BTC;

Entry Price: $107,823.2;

Liquidation Price: $112,290;

Current Unrealized Loss: $1.06 million.