According to Ai 姨 (@ai_9684xtpa), a well-known Hyperliquid trader dubbed the 'insider' opened a 40x leveraged BTC short position at 03:18, using 4.958 million USDC as margin for a $114 million exposure. The position size is 1111.11 BTC with an average entry price of $107,766.3 and a liquidation price at $110,830. Currently, the position holds a $5.33 million unrealized profit but has not yet offset the previous loss of $5.88 million. This aggressive short position reflects high-risk sentiment and may add volatility to BTC price action in the near term. Source: Ai 姨 (@ai_9684xtpa) on Twitter.