Bitcoin Whale Shorts $445 Million In BTC—Traders Plot Explosive Liquidation
17 Março 2025 - 9:00AM
NEWSBTC
Bitcoin has shown resilience by bouncing to its 200-day moving
average since last Tuesday when it fell as low as $76,606, yet it
remains below this key technical threshold. In this volatile market
environment, a major whale has taken a contrarian position by
establishing a highly leveraged short on Bitcoin perpetual futures
via Hyperliquid. Huge Bitcoin Whale Goes Short According to data
from Hyperliquid and blockchain analyst Lookonchain, the whale’s
short position is valued at over $445 million and utilizes 40x
leverage. This position comes with a liquidation price set at
$85,940, and despite the inherent risks, the trader is already
reporting an unrealized gain of $4.4 million. Pseudonymous trader
CBB (@Cbb0fe) galvanized a group of market participants to target
the position. Lookonchain’s report highlights a coordinated effort
to force the whale’s hand: “This whale still managed to turn a
profit despite being hunted by a team! 11 hours ago, @Cbb0fe
publicly formed a team to hunt this whale who shorted BTC with 40x
leverage. Just one hour later, the team was in action, driving BTC
above $84,690 in a short period,” Lookonchain said on X. Related
Reading: Bitcoin To $10 Million? Experts Predict Explosive Growth
By 2035 Notably, the whale was forced to deposit $5 million USDC to
increase margin and avoid liquidation. “But the hunt ultimately
failed. The whale continued to increase his position to short BTC.
Currently, the whale is profiting from closing positions through
Twap. His current position is 5,406 BTC ($449M), with an unrealized
profit of $4.4M.” the blockchain analytics service added via X. In
a series of rapid-fire tweets, CBB further intensified the
situation by stating: “The hunt has begun,” adding “If you are
willing to hunt this dude with size, drop a DM, setting up a team
right now and already got good size.” He later added: “We have lost
a battle but we have not lost the war. Locked in.” and “Holy fuck
please Eric Trump send help from the divine father to liquidate
this mfer.” Related Reading: Bitcoin Spot ETF Exodus Continues:
$900 Million Outflows Extend Losing Streak Hyperliquid has
positioned itself at the forefront of this unfolding drama,
emphasizing the platform’s role in providing unmatched transparency
in high-leverage trading. In a statement posted on X, Hyperliquid
commented: “Hyperliquid has redefined trading. When a whale shorts
$450M+ BTC and wants a public audience, it’s only possible on
Hyperliquid. […] Anyone can photoshop a PNL screenshot. No one can
question a Hyperliquid position, just like no one can question a
Bitcoin balance. The decentralized future is here.” Hyperliquid was
recently thrust into the spotlight following an incident involving
a prominent whale who executed a “liquidation arbitrage.” In that
event, the extraction of floating profits led to a margin shortage
that triggered forced liquidations, transferring risk to the
decentralized exchange’s HLP vault. At press time, BTC traded at
$83,455. Featured image from iStock, chart from TradingView.com
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