A whale address that opened a 40x leveraged short position on BTC has increased its short position, with a position value exceeding 70 million US dollars.

BlockBeats News, July 5th, according to HyperInsight monitoring, a whale address starting with 0x5D2 on HyperLiquid added $16.45 million (138.9 BTC) to its 40x leveraged BTC short position, currently experiencing a floating loss of $447,000. The specific position details are as follows:

Entry Price: $107,464.40

Leverage: 40x

Position Value: $70,437,384.89

Position Size: 651.28

P&L: -$447,793.90

Liquidation Price: $116,670.030