The trader known as '40x Short Whale' has increased their Bitcoin position, highlighting high risks in the cryptocurrency market.
Trader's Short Position Increase
On September 12, 2025, it was reported that the trader with wallet address 0xa523 increased their Bitcoin short position by 135.11 coins. Now, the total nominal amount of their position stands at about $100.6 million, using 40x leverage, which creates a significant liquidation risk.
Losses from Short Selling
Currently, the trader has faced losses of approximately $43.4 million this month. This surpasses the losses of well-known traders like Aguila Trades and 'qwatio'. The situation remains tense, as the trader's position is only 1.4% away from liquidation, heightening market anxiety.
Bitcoin Market and High Leverage Risks
Despite the trader's challenges, similar high-leverage trades are rarely seen at such a scale, making this case significant in the current Bitcoin bear cycle. As of September 12, 2025, Bitcoin stands at $115,114.91 with a market cap of about 2.29 trillion dollars.
The situation with the '40x Short Whale' underscores the potential risks associated with high leverage in the cryptocurrency market. Analysis indicates that margin pressures may lead to increased volatility.
