PANews reported on May 12, according to Lookonchain monitoring, a whale starting with 0x5D2F opened a Bitcoin short position worth $44 million with 40x leverage, with a liquidation price of $112,660.

Previously, it was reported that the "Hyperliquid 50x whale" (address starting with 0x51d9) opened a high-leverage short on BTC again after 35 days, with 40x leverage shorting 888.8 BTC (approximately $92.93 million), an opening price of $104,094, and a liquidation price of $105,689.