A certain clever investor increased their leverage to 40x on a Bitcoin short position, with an average entry price of $117,000.

BlockBeats News, July 12th, according to on-chain data, a certain savvy whale increased their leverage by 40 times on a Bitcoin short position on Hyperliquid 20 minutes ago. The current value of their Bitcoin short position on Hyperliquid is $17.865 million, with an average entry price of $117,700.

This address currently holds multiple short positions in major cryptocurrencies on Hyperliquid, such as a 25x leveraged ETH short position worth $15.34 million. The address has realized a total profit of $34.25 million, but has incurred a loss of $4.2 million in the last 7 days.