According to Ai 姨 (@ai_9684xtpa), Bitcoin briefly surpassed $110,000 at 5 AM, triggering a major liquidation event for a Hyperliquid trader known as '内幕哥,' who closed his 40x leveraged BTC short after 20 days, incurring a $5.88 million loss. This high-profile liquidation, alongside James Wynn reportedly losing $100 million in profits, highlights the dangers of excessive leverage in current market conditions. The event has increased BTC volatility and may signal further short squeezes, impacting crypto market sentiment and liquidity (Source: Ai 姨 on Twitter, June 10, 2025).