Whale 120 BTC 40x Long — Watch for Short-Term Volatility

I see a whale-sized 120 BTC long opened at $118,119 with 40x isolated leverage and a liquidation near $116,637. The position is large relative to typical spot flows and currently shows a small unrealized loss.

I'm cautious because 40x leverage gives a very thin margin buffer — a modest intraday move could trigger liquidation. Funding is zero now, but the risk is concentrated and time-sensitive.

I'll be monitoring price action around the entry and liquidation levels; if BTC holds above entry it supports short-term bullishness, but a quick dip could force forced selling and volatility.