According to @EmberCN, a major insider trader has transferred an additional $2 million USDC into Hyperliquid after partial liquidation, increasing his 40x short Bitcoin position back to $101 million with an entry price of $108,618 and a liquidation price at $110,780 (source: @EmberCN on Twitter, May 21, 2025). This aggressive leverage signals heightened bearish sentiment and could intensify volatility in the BTC/USDT perpetual markets. The whale's high-risk strategy is closely watched by traders, as liquidation events of this size can trigger sharp short squeezes and sudden price movements across the broader crypto derivatives market.