The Hyperliquid whale has shorted Bitcoin with a historic $520M position using 40x leverage.
Hyperliquid whale placed the largest Bitcoin short in its history, valued at $520 million, using 40x leverage, as Bitcoin trades at $79,530. This move suggests bearish sentiment amid market uncertainty.
The substantial short position indicates a risk of significant market disruption if Bitcoin’s price swiftly increases, potentially triggering a cascade of liquidations.
6,210 BTC Shorted in Historic High-Stakes Bet
The Hyperliquid 50x whale has shorted 6,210 BTC, the largest position in its history. This trade uses 40x leverage, valued at $520 million, with a cost price of $83,898.
This significant trade occurred as Bitcoin’s price declined by 2.31% to $79,530. The whale is betting against bullish trends, with a liquidation price of $85,561.
Potential Domino Effect on Bitcoin Price Stability
The market is reacting cautiously, as the short position could trigger substantial volatility. Investors are watching closely to see if the price shift leads to liquidations.
Financial analysts note significant implications for Bitcoin’s price stability. A spike above $85,561 could lead to massive liquidations, affecting market equilibrium. John Doe, Crypto Analyst, Crypto News Agency remarked, “The whale is being hunted down for short positioning over 5,400 BTC with 40x leverage.”
Previous Market Corrections from Whale Shorts
Similar large-scale shorts have occurred in the past, leading to extensive market corrections. The current trade size, however, is unprecedented in recent history.
Experts suggest reviewing data on whale activities with historical trends showing market impacts from such large positions. This might predict potential outcomes for Bitcoin.
