A highly leveraged BTC short position is approaching liquidation, with a size of $7.8 million.

According to TradingBeats monitoring, a whale address 0x706d…1d6f on Hyperliquid holds 94 BTC short positions, with the position valued at approximately $7.88 million. The position uses 40x full leverage, has an average entry price of around $83,517.2, and is currently facing an unrealized loss of roughly $31,000.

The address previously built BTC long positions in batches, with the position size once swelling to about $6.6 million. It then continuously trimmed positions near $82,700 before conv

@tonmelonfest