A whale opens a 493 BTC short position with 40x leverage, currently with unrealized profit of $111,400

CoinFeed July 8 news, according to Onchain Lens monitoring, whale '0x77ee' opened a 493 BTC ($31.08 million) short position on Hyperliquid with 40x leverage, entry price $63,240.9, liquidation price $73,859.9, unrealized profit $111,400. The wallet currently has 92% of positions in shorts, totaling 15 positions, total exposure $79.88 million, historical profit and loss -$5.71 million.