Bitcoin (BTC) has stability since last Tuesday and jumped to its 200-day average over $ 84,000 this weekend. Still, a crypto whale has taken a contraric attitude by raising a geared bearish bet on BTC worth millions on hyperliquid while betting the bullish on the Melania token.
From writing, the whale had a short position in BTC Perpetual Futures worth over $ 445 million, generating an unrealized gain of $ 1.3 million. The position used a 40x leverage and a liquidation price of $ 86,000, according to data source hyperliquid and lookonchain.
The big short short prerequisite of a Bitcoin price image made waves on social media X on Sunday, when pseudonymous traders CBB invited other market participants to a bull of bulls aiming to liquidate the whale.
“11 hours ago, @CBB0FE publicly formed a team to chase this whale short -circuited $ BTC with 40x leverage. Just an hour later, the team was in action running $ BTC over $ 84,690 for a short period of time,” Blockchain Sleuth Lookonchain said on X.
“The whale was forced to deposit $ 5 million USDC to increase the margin and avoid liquidation. But the chase eventually failed,” Lookonchain added.
From writing, Crypto Whale also had a 5x geared long position in Melania Perpetual Futures, expected a price increase in Memecoin, allegedly marketed by MKT World LLC, a Florida-registered company owned by Melania Trump, wife of US President Donald Trump.
Hyperliquid cheered the entire episode of X and said that the transparency of trade positions on its platform has redefined trade.
“When a whale shorts $ 450 million said.
The platform was in the news last week after an influential whale performed the so -called “liquidation arbitrage” by extracting fluent profits, which led to a margin deficiency. It induced liquidation and transferred the risk to the decentralized Exchange’s HLP vault.
