Massive Bitcoin Whale Initiates Whopping $122,000,000 BTC Short
A massive crypto whale has loaded a $122 million short position on Bitcoin through the decentralized exchange Hyperliquid.
The trader transferred $30 million in USDC to Hyperliquid to fuel the bet, according to Arkham Intelligence.
This move comes after the whale pocketed $200 million by shorting Bitcoin during its recent plunge to around $105,000.
In the past week, the whale also shifted $540 million worth of Bitcoin to fresh wallets, including $220 million deposited to Coinbase.
The short position was taken at an average entry price of $109,762, uses 10x leverage with a liquidation price at $135,320.
Arkham’s tracking shows the whale’s entity holds over $4.8 billion in assets, mainly in Bitcoin and USDC.
Bitcoin is priced at $109,544 at time of publishing, down 1.4% in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bloomberg: Power Theft Exceeds $1 Billion as Malaysia Bitcoin Mining Rigs Overwhelm
Malaysia has uncovered approximately 14,000 illegal cryptocurrency mining sites in the past five years, causing the state-owned power company losses of over $1.1 billion. In response, the local government established a special committee in November 2025 to consider a total ban on mining,
ProShares Withdraws 3x Leveraged Crypto and Tech ETF Plans After SEC Raises Concerns
PENGU Price Rally Explained: Is a Bigger Breakout on the Horizon?
SHIB Jumps 21% to $0.000009463: Analysts Eye Possible Zero Cut
Trending news
MoreCrypto prices
More
