40x BTC short whale nears $99M liquidation as Bitcoin rebounds

An anonymous whale on Hyperliquid, identified by an address beginning with 0xff84, is nearing forced liquidation on a 40x leveraged short position of 1,543 BTC worth about $98.97 million as Bitcoin rebounds in the short term, according to a Lookonchain analysis. The whale opened a 1,600 BTC short position on Aug. 5 at an entry price of $64,202 and later cut part of the position at a loss to avoid liquidation during Bitcoin’s continued rebound. The whale’s current short entry price is $63,999, with a liquidation price of $64,225.35. Based on CoinMarketCap data, BTC was trading near $64,100, leaving the position about $125 away from forced liquidation.