A significant Bitcoin short position valued at $61.46 million is nearing its liquidation point, with only 1.14% distance remaining. The position, held by a whale identified as 0xa8ef…9526, is leveraged at 40x. The entry price for this position is $87,940.1, with a liquidation price set at $88,801.83. Currently, the unrealized profit and loss (uPnL) stands at $94,600, while the equity is $1.47 million. The market is closely watching as the risk of liquidation increases.