An investor known as 'Insider Whale' has opened a significant 95x leveraged Bitcoin short position on GMX, valued at $59.89 million. The entry price for this position is $114,560, with a liquidation price set at $115,131. This move follows a previous trading activity where the investor incurred a $3.55 million loss on XRP short trades on Hyperliquid, reducing their initial investment from 4.22 million USDC to 668,000 USDC.