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

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