A certain whale has shorted $31 million worth of Bitcoin with 40x leverage, currently showing an unrealized profit of $112,400.

BlockBeats News, July 8th, according to Onchain Lens monitoring, the whale address "0x77ee" recently opened a 40x leveraged short position of 493 Bitcoins (approximately $31.08 million) on Hyperliquid. The position was initiated at a price of $63,240.9 with a liquidation price of $73,962.2. Currently, the position has an unrealized profit of about $112,400, with a Return on Equity (ROE) of 14.47%.

The data shows that this address currently holds a total of 15 positions with a total position size of approximately $79.79 million, of which 92% are short positions. However, the cumulative historical trading losses of this address still amount to $5.66 million.