Bitcoin Whale Liquidates 161.79 BTC Amid $618,000 Loss on Hyperliquid Platform

On May 22, COINOTAG News reported significant activity from a prominent whale on the Hyperliquid platform. The on-chain data analyst @ai_9684xtpa revealed that this trader, who had previously established a short position on Bitcoin with a considerable **40x leverage**, recently opted to reduce their holdings. The whale “liquidated” a total of **161.79 BTC**, incurring losses amounting to approximately **$618,000**. This action decreased their overall short position to a nominal value of **$32.07 million**. Analysis of their trading strategy revealed a position size of **287.63 BTC**, an entry price of **$107,823.2**, and a liquidation price set at **$112,290**. With the current conditions, the unrealized loss of the trader now stands at **$1.06 million**, highlighting the volatile nature of cryptocurrency trading and the risks associated with high-leverage positions.