A Smart Money Investor Increases Bitcoin Short Position by 40 Times, Entry Price Reaches $117,700

According to Jinse Finance, on-chain data shows that a smart money address increased its 40x leveraged Bitcoin short position on Hyperliquid 20 minutes ago. The current value of its Bitcoin short position has reached $17.865 million, with an average entry price of $117,700. This address also holds multiple major altcoin short positions on Hyperliquid, such as a 25x leveraged ETH short worth $15.34 million. The address has accumulated profits of $34.25 million, but has incurred a loss of $4.2 million over the past seven days.