A certain whale lost over $10 million in the past week. They held a 40x Bitcoin short position and deposited $8 million USDC in the past 24 hours to average down.

BlockBeats News, July 11th. According to on-chain data, a whale opened a 40x leveraged Bitcoin short position at $107,973.5, with a position value of $133 million. The current unrealized loss is $11.24 million.

In the past 24 hours, this address has received a total of 8 million USDC to prevent liquidation, and its liquidation price is currently $126,320.

Within the past week, this address has already incurred a loss of over tens of millions of dollars on Hyperliquid.