A whale opened a BTC short position with 40x leverage, and currently has a floating profit of $1.176 million

According to Huoxun Finance, on July 8, according to SpotOnChain monitoring, a whale that has realized a profit of $13.6 million on the Hyperliquid platform has made another move and established a high-risk Bitcoin short position with a leverage of 40 times. The current details of its BTC transaction: total margin: 4 million USDC; position size: 1,097.47 BTC (about $118.8 million); opening price: $107,926.6; forced liquidation price: $116,510; unrealized profit and loss: +$1.176 million (including funding rate).