According to Lookonchain, after the recent Bitcoin price surge, two wallets—likely controlled by the same whale—opened significant short positions on BTC using 11x and 40x leverage, totaling $127.7 million. The respective liquidation prices are $104,600 and $103,470, with current unrealized losses nearing $2 million (source: Lookonchain via Twitter, May 7, 2025; hypurrscan.io). This aggressive leverage and large position size indicate increased volatility risk in the Bitcoin market, and traders should monitor these liquidation levels as potential catalysts for rapid price movements, which could spill over into other cryptocurrencies.