A cryptocurrency whale, previously realizing a $13.6 million profit on Hyperliquid, has initiated a high-risk 40x short position on Bitcoin. The trader has deposited $4 million in USDC as margin over the past 19 hours, with a position size of 1,097.47 BTC, valued at approximately $118.8 million. The entry price for this position is $107,926.6, with a liquidation point set at $116,510. Currently, the unrealized profit and loss stands at +$1.176 million, including funding costs.