Whale Increases 40x BTC Short Position by $16.45M Amid $447K Unrealized Loss on HyperLiquid

On July 5th, data from HyperInsight revealed that a prominent whale address, beginning with 0x5D2, increased its leveraged short position on Bitcoin by $16.45 million, equivalent to 138.9 BTC, on the HyperLiquid platform. This move expanded the trader’s overall 40x BTC short exposure, which now totals approximately $70.4 million. The position currently reflects an unrealized loss nearing $448,000, driven by Bitcoin’s price movements since the initial entry at an opening price of $107,464.40. The leveraged nature of this trade amplifies both potential gains and losses, with a liquidation threshold set at $116,670.03. Such high-leverage positions underscore the volatility and risk inherent in crypto derivatives markets, emphasizing the importance of risk management for institutional and retail investors alike.