COINOTAG News, citing HyperInsight monitoring, reports that the whale address 0x5d2f4 increased its BTC short exposure by roughly $1.06 million. The position currently shows a floating loss of about $5.78 million and carries a reported liquidation price near $118,628; a roughly 3.7% uptick in Bitcoin would bring the contract close to that threshold.
On-chain activity indicates the address repeatedly added to the short between August 11–15, raising its gross short sizing. HyperInsight data also show the same account maintains an ETH short using 25x leverage, with no realized profits to date, based on available monitoring snapshots.
These metrics reflect monitored position-level risk parameters and execution history; should market prices reach the stated liquidation price, automated deleveraging mechanisms may be triggered, resulting in closure at exchange-defined levels.