Woofun AI reports that a Bitcoin whale executed a strategic exit from a high-leverage position on Hyperliquid, closing a 40x long BTC trade to avoid imminent liquidation risk.

The de-leveraging process unfolded in two distinct phases, beginning with the sale of 903.48 BTC at an average price near $64,666, which left a residual balance of 994 BTC. The remaining holdings were liquidated at 06:33 UTC at an average price of approximately $63,931, generating $63.56 million in closed trades and completing the full exit. Across both transactions, the wallet disposed of roughly $122 million worth of BTC at a combined average price near $64,281.

Woofun AI data shows the timing was precise, with the final sale occurring just nine minutes before the position would have faced a listed liquidation price near $61,605, while Hyperliquid's BTC mark stood at about $64,149. The final trades filled no lower than $63,876, ensuring the wallet was empty and the $61,605 liquidation level was wiped out before Bitcoin ever reached it.

This exit removed a visible leveraged position without establishing a price floor, signaling concentrated de-risking rather than a market-wide expansion of leverage. Over the comparable 23-hour window, Binance BTCUSDT open interest fell 0.67% in BTC terms, while Bybit's linear BTCUSDT open interest declined 4.64%. With the $61,605 marker no longer applicable as a psychological or strategic target, any future liquidation pressure would have to originate from positions that remain open across other venues.