According to BlockBeats, on August 5th, OnchainDataNerd reported that a new wallet deposited 2.44 million USDC and opened a short position of 1,600 BTC with 40x leverage. The position was worth approximately $102.6 million, with an opening price of approximately $64,202 and a liquidation price of approximately $64,889.
The position is only about $687 away from the liquidation price, leaving very little room for error.