Whale Shorts $445 Million In Bitcoin—Traders Plot Liquidation
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Since falling to $76,606 last Tuesday, Bitcoin has shown resilience by bounced to its 200-day moving average, but it remains below this critical technical threshold. In this turbulent market environment, a major whale takes a counter-trend position through the high leverage of hyperliquid to Bitcoin’s permanent future.
The huge bitcoin whale is short
According to data from hyper-mobility and blockchain analyst Lookonchain, data from whales Short position Valued at over $445 million and leverages 40 times the amount. The liquidation price for the position is set at $85,940, and despite inherent risks, traders have reported unrealized $4.4 million in gains.
The pseudonym trader CBB (@cbb0fe) sensitizes a group of market participants to target the position. Lookonchain’s report highlights the coordinated efforts that forced the whale’s hands: “Although hunted by the team, the whale still managed to make money! 11 hours ago, @cbb0fe publicly formed a team to hunt the whale, which used 40 times leverage to BTC. Just one hour later, the team was in action, driving BTC for more than $84,690 in a short time,” Lookonchain explain On X.
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It is worth noting that the whales were forced to deposit $5 million to increase profits and avoid liquidation. “But the hunting ended up failing. The whale continues to improve his position on short-term BTC. Currently, the whale is profiting from the end position through TWAP. His current position is 5406 BTC ($449 million) and unrealized profits are $4.4 million.” Added blockchain analytics service via X.
In a series of fast shots TweetsCBB further strengthened the situation by noting, “The hunting has begun,” adding, “If you are willing to hunt this guy in big or small, put down the DM, build a team immediately and have a good scale already.” He later added, “We lost a fight, but we didn’t lose the war. Locked up.” and “Fuck me, please Eric Trump Send help to God’s Father to liquidate this MFER. ”
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Hyperliquid positioned itself at the forefront of this ever-evolving drama, highlighting the platform’s role in providing unparalleled transparency in highly leveraged trading. In a statement posted on X Super fluid Commented: “Super liquidity redefines transactions. When a whale is short at $450 million + BTC and wants a public audience, it is only possible on hyper-liquid. (…) Anyone can take a Photoshop pnl screenshot. No one can question the super fluent position, just like no one can question the Bitcoin balance. The decentralized future is here.”
The recent focus has been on hypermobility following an incident involving a prominent whale. In this case, extracting floating profits leads to edge shortages triggers forced liquidation, shifting the risk to the HLP library of the diversified exchange.
At press time, BTC traded at $83,455.
Featured images from Istock, charts from TradingView.com
