BTC Short Whale Reduces Position, Incurring Another $618,000 Loss

According to on-chain data analyst @ai_9684xtpa, a whale shorting Bitcoin at 40x leverage on Hyperliquid has reduced its position by "cutting losses" with 161.79 BTC, incurring a further loss of $618,000. The current short position has now decreased to a nominal value of $32.07 million. Position size: 287.63 BTC; Opening price: $107,823.2; Liquidation price: $112,290; Current unrealized loss: $1.06 million.