According to @EmberCN, an address deposited 4.22 million USDC to Hyperliquid and opened a 40x leveraged short of 1,366 BTC with a notional size of about 148 million dollars, reported roughly 30 minutes after the transfer, source: @EmberCN on X. The position entry is 108,855 dollars and the stated liquidation is 110,399 dollars, leaving about 1,500 dollars between liquidation and the reported market price at the time, source: @EmberCN on X. This buffer implies roughly a 1.4 percent adverse move from entry to liquidation based on the provided prices, source: @EmberCN on X. The address and position can be monitored at hyperbot.network/trader/0x9018960618eFF55F5852e345B7Cb5661fd2928e1, source: @EmberCN on X and hyperbot.network. The post also notes Bitget sponsorship, source: @EmberCN on X.

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).