According to Lookonchain, trader '0x51d9' executed a high-risk 40x leveraged short position on Bitcoin (BTC), closing the trade for a $1.18 million profit (source: Lookonchain, May 12, 2025; hypurrscan.io/address/0x51d9). This large-scale leveraged short signals increased market volatility and highlights significant bearish momentum influencing BTC price movements. Crypto traders should monitor for potential liquidations and further price swings, as high-leverage actions often trigger cascading effects in the Bitcoin derivatives market.