A significant whale has initiated a 40x leveraged short position on 60.3 BTC, valued at approximately $4.8 million, according to Hyperinsight monitoring. The position was opened at an average price of $79,605, with a liquidation threshold set at $80,590, which is less than $1,000 from the current market price. This position is the closest to liquidation on Hyperliquid and marks the latest million-dollar-level short position opened today.