TechFlow news, July 8 — According to on-chain analyst Spot On Chain (@spotonchain), a whale who previously made $13.6 million in profits on Hyperliquid has re-entered the market, opening a high-risk short position on Bitcoin.
Over the past 19 hours, this whale deposited a total of 4 million USDC as margin, establishing a 40x leveraged short position worth 1,097.47 BTC (approximately $118.8 million). The entry price was $107,926.60, with a liquidation price at $116,510. The current unrealized profit/loss (including funding fees) stands at +$1.176 million.




