BTC Whale: Cuts 40x Short After $3.69M Loss

BTC whale rolled an $85.58M short on perpetual futures and has now realized $3.69M in losses after two forced reductions, leaving 610.01 BTC of the original 40x position worth $45.58M with $4.78M in floating loss; history of large leveraged BTC short positions on perpetual futures exchanges shows similar outcomes during overextended moves, while recent Hyperliquid whale trader liquidation events 2024-2025 underscore the same pattern of margin compression at 101% utilization. With BTC price at $74800.91 inside the upper Bollinger Band resistance at $75132.08 and RSI(14) at 92.53 flashing overbought against a bullish EMA50 support at $66317.49, a healthy retracement toward that level appears probable before any continuation higher.