Bitcoin Short Position at $118,584, Prediction of Liquidation Near $220K

The individual has taken a short position on Bitcoin (BTC), holding a size of approximately -114 BTC at an entry point of around $118,584.2. The liquidation price is estimated at about $219,951.39, and the position is leveraged at 40x with cross margin mode. The current margin balance stands at roughly $338,032, and the position's value is over $13.5 million, but it faces an unrealized loss of about $9,087. The absence of funding fees suggests no additional costs at present.