Huo Xing Finance reports that, on August 8, according to TradingBeats (formerly Hyperinsight), a large whale entered a 40x short position on 930 BTC at an entry price of $64,213 and is currently facing an unrealized loss of $710,900, with the latest liquidation price at $65,306.
Whale Suffers Over $710,000 Loss from 40x Short Position on Bitcoin
MarsBitShare
Summary
A whale suffered a $710,900 loss on a 40x short position in 930 BTC, opened at $64,213. As of August 8, 2026, the position remains underwater, with a liquidation price of $65,306. Inadequate position sizing and the absence of a stop-loss strategy likely contributed to the significant drawdown. This trade underscores the risks of high leverage in volatile markets.
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