Whale with $49M BTC short faces liquidation risk

A whale address starting with 0x069A is at risk of forced liquidation on a $49 million Bitcoin short position held on Hyperliquid (HYPE), EmberCN reported. The position, which totals 750 BTC with 40x leverage, has an average entry price of $59,941 and a liquidation price of $66,153. The address is currently facing a loss of around $4 million.