Whale's 40x BTC short faces 52% loss in 12 hours

An anonymous whale with an address beginning in 0x0c86 is facing a significant unrealized loss just half a day after opening a 40x leveraged short position on Bitcoin via Hyperliquid (HYPE). According to data from Hyperinsight, the trader invested $410,000 to short 257.9 BTC. The position is currently down 52%, representing an unrealized loss of approximately $210,000, with a liquidation price of $66,395.