CDS Crypto News Massive BTC Short Position: Whale Risks It All on Bitcoin Drop!
Crypto News

Massive BTC Short Position: Whale Risks It All on Bitcoin Drop!

34
Massive Btc Short Position Whale Risks It All On Bitcoin Drop!

Massive BTC Short Position Triggers Social Media Uproar!

Massive Btc Short Position: Whale Risks It All On Bitcoin Drop! 337166

The price of Bitcoin (BTC) has been stable since last Tuesday, rising over the weekend to its 200-day average of around $84,000. While betting bullishly on the MELANIA token, a crypto whale has adopted a contrarian approach by placing a leveraged bearish wager on BTC valued at millions on Hyperliquid.

With a short position in Bitcoin perpetual futures worth over $445 million, the whale made $1.3 million in unrealized gains. The data sources Hyperliquid and Lookonchain indicate that the trade used 40x leverage and had a liquidation price of $86,000. On Sunday, this excessively short position predicted a decline in the price of Bitcoin, which caused a stir on social media. Other market players were encouraged by the pseudonymous trader CBB to join a group of bulls who were trying to liquidate the whale.

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. The whale was forced to deposit $5M USDC to increase margin and avoid liquidation. But the hunt ultimately failed,

Lookonchain

Melania Trump-Linked Memecoin Sees Whale Interest Amid Market Hype!

Melania Trump-Linked Memecoin Sees Whale Interest Amid Market Hype!

In anticipation of a price increase in the memecoin, which is purportedly marketed by MKT World LLC, a Florida-registered business owned by Melania Trump, the wife of U.S. President Donald Trump, the crypto whale recently also had a 5x leveraged long position in the MELANIA permanent futures. Throughout the entire occurrence, Hyperliquid exulted, claiming that trading had been revolutionized by the transparency of trading positions on their platform.

When a whale shorts $450M+ BTC and wants a public audience, it’s only possible on Hyperliquid. When headlines say “Bitcoin Market on Edge,” they are equating “Hyperliquid” with the “market.” 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

For more up-to-date crypto news, you can follow Crypto Data Space.

Massive Btc Short Position: Whale Risks It All On Bitcoin Drop! 337166
Written by
lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

CZ Reacts to North Korean Hackers Holding Over $1 Billion in Bitcoin

CZ Reacts to North Korean Hackers Holding Over $1 Billion in Bitcoin

Tencent Shares Surge Despite Economic Uncertainty: What’s Driving the Growth?

For more comprehensive information on Tencent shares surge and possible prospects, please...

PEPE Coin Defies Market Trends: A Strong Survivor Amidst Market Weakness

For more comprehensive information on PEPE coin defies market trends, please visit...

Bubblemaps (BMT) Surges 43.87% in a Day: What’s Fueling the Price Rally?

Over the past 24 hours, Bubblemaps (BMT) has experienced an unprecedented surge,...