- A $520 million shortened position in Bitcoin has been widely opened by a major whale.
- The whale’s Bitcoin short uses 50x leverage and faces a tight liquidation price.
- A crypto user calls for action to push Bitcoin’s price and profit from this bet.
A Hyperliquid whale has made history by fully shorting Bitcoin with a 50x leverage position, worth a staggering $520 million. This move is the largest short position the whale has ever held, signaling significant market interest. With 6,210 BTC shorted, the cost price stands at $83,898, and the liquidation price is set at $85,561. The position reflects high-risk trading strategies and comes amid market volatility, raising questions about Bitcoin’s near-term price direction.
The Whale’s Risky Bitcoin Bet and Leverage Strategy
In a highly leveraged trade, the whale sent 16.75 million USDC—comprising both capital and profits from over a month’s worth of trades—into their Hyperliquid account. This margin allowed the whale to use 40x leverage for their short position, amounting to $520 million in total. According to Hypurrscan data, the average entry for this position was $83,898, and the liquidation price was closely set at $85,565, only $1,000 above Bitcoin’s current price.
The whale’s actions raise concerns about the fragility of such high-leverage positions. If Bitcoin’s price rises even slightly, the whale faces a significant risk of liquidation. Currently, BTC’s price stands at $82,736.89, reflecting a minor decline of 1.02% over the past 24 hours. Bitcoin’s volatility, especially in light of its recent peaks and fluctuations, suggests that the whale’s position could either significantly profit or be forced into liquidation soon.
Source: CoinMarketCap
Related: HyperEVM Mainnet Is Live: A New Era for Hyperliquid Finance
A Call for Action and Involvement of Prominent Figures
The high-stakes trade garnered significant attention from the community and a user named CBB saw the whale’s position as an opportunity to rally others. In an online post, CBB called for individuals to unite to drive Bitcoin’s price higher, potentially liquidating the whale’s position for massive gains. CBB’s post suggested that millions of dollars had been allocated to this cause, and he even invited prominent figures including Justin Sun and Eric Trump to join the group. Although Sun has not confirmed his involvement, the effort has caught the attention of many in the crypto space.
As this story continues to develop, the market watches closely. The whale’s short position and the call for coordinated action raise important questions about the influence of large players in the market. Will Bitcoin’s price surge or decline in the coming days, and how will it affect the Hyperliquid whale’s position? Only time will tell as the situation evolves.
