A whale address holding a 40x BTC short position increases its short bet on BTC, with the position now exceeding $70 million in value

2025/07/05 06:22

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to a report by Jinse Finance, HyperInsight monitoring shows that a whale address starting with 0x5D2 has increased its 40x leveraged BTC short position on HyperLiquid by $16.45 million (138.9 BTC). The current unrealized loss stands at $447,000. The specific position details are as follows: Entry price: $107,464.40 Leverage: 40x Position value: $70,437,384.89 Position size: 651.28 P&L: -$447,793.90 Liquidation price: $116,670.03

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

A whale address holding a 40x BTC short position increases its short bet on BTC, with the position now exceeding $70 million in value

You may also like

Crypto prices