Crypto Whale Shorts $ 445m at BTC while taking a bullish bet on Melania Token, Hyperliquid Data Show
Bitcoin (BTC) has been hidden since last Tuesday, bouncing a 200-day average of over $ 84,000 over the weekend. However, a crypto whale took a contribution bearing by raising a leveraged bearish bet on BTC worth a million -million in hyperliquid while betting on the Melania token.
As of writing, the whale will be held in a brief position in BTC Perpetual Futures worth more than $ 445 million, forming an improper gain of $ 1.3 million. Position used a 40x leverage and a extermination price of $ 86,000, according to the data resource Hyperliquid and Lookonchain.
Outsized short expecting a slide of bitcoin price made by waves on social media X on Sunday as pseudonymous businessman CBB Other market participants were invited for a consortium of bulls aimed at liquid by the whale.
“11 hours ago, @CBB0fe publicly formed a team to hunt this whale shortened $ BTC with 40x leverage. Just one hour, the team was acting, driving $ BTC above $ 84,690 in a short time,” Blockchain Sleuth Lookonchain said In X.
“The whale was forced to deposit $ 5M USDC to increase the margin and avoid extermination. But the hunting eventually failed,” Lookonchain added.
Like writing, the crypto whale will also be held by the 5X leveraged long position in Melania Perpetual Futures, which expects an increase in price in Memecoin reportedly sold by MKT World LLC, a company registered in Florida owned by Melania Trump, US President Donald Trump’s wife.
Hyperliquid has made the entire stage in X, stating that the transparency of trading positions on its platform is to redeem the trade.
“When a whale shorts of $ 450m+ BTC and a public listener wants, it is only possible to hyperliquid. When headlines say” Bitcoin market on the side, “they are equivalent to” hyperliquid “with” market. “Anyone can take a PNL screenshot. No one can ask a hyperliquid position, as no one can ask the Bitcoin balance. Hyperliquid said.
The platform was on the news last week after an influential whale conducted the so -called “destroying arbitrage” by obtaining floating income, leading to a margin deficiency. That is the induced extermination and has shifted the risk to the HLP vault of decentralized exchange.
