So, thereâs this whale on Hyperliquidâno, not the kind you see at SeaWorld, but the kind thatâs causing a ruckus in the crypto ocean. This big fish decided to go all-in on a short position worth around $450 million in Bitcoin. And now, thereâs a full-blown man-hunt to stop this aquatic bandit! đ”ïžââïžđ°
According to the latest gossip from Hypurrscan (yes, thatâs a real thing), on March 17 at 6:30 AM UTC, our whale friend closed two positions using something called Time-Weighted Average Price (TWAP)âwhich sounds like a fancy way to say âIâm trying to be sneaky.â They managed to wrangle 208 BTC at a price of $83,392, raking in over $18 million. Not too shabby for a morningâs work! âđ”
But wait, thereâs more! At 4:30 AM UTC, this anonymous trader decided to throw in an extra $7.5 million in collateral to keep their Bitcoin short position afloat. Because who doesnât love a little margin drama? On-chain data reveals theyâve already racked up a loss of nearly $1.1 million. Ouch! đŹ
This whale is like the Houdini of cryptoâstill managing to turn a profit while being hunted by a team!
Just 11 hours ago, @Cbb0fe rallied the troops to track down this whale who shorted $BTC with 40x leverage. One hour later, the team was in action, pushing $BTC above $84,690 faster than you can say âliquidation.â
The whaleâŠ
â Lookonchain (@lookonchain) March 17, 2025
As of now, our slippery trader is sitting on a position of 5,167 BTC, valued at around $429 million. Theyâre playing with 40x leverage and have an unrealized profit of $4 million. Meanwhile, theyâre also juggling a long position with 5x leverage for 571,715 MELANIA (yes, thatâs a thing) worth $390,000. Because why not? đ€·ââïž
This whale kicked off their massive short position on March 16, and it didnât take long for crypto sleuth @Cbb0fe to notice something fishy. They called for a public manhunt to liquidate this whale before it could wreak more havoc on the ecosystem. âIf youâre ready to hunt this dude with size, drop a DM,â CBB said, probably while sipping a latte. â
In another post, CBB was like, â7 figs size only, please!â because apparently, they were already swimming in funds that exceeded eight figures. Talk about a high-stakes game of tag! đ·ïž
Just an hour after forming the team, they managed to push Bitcoinâs price from $83,183 to over $84,690. The whale was forced to cough up $5 million in USDC to keep from being liquidated. Itâs like a game of financial whack-a-mole! đȘ
But the manhunt is still ongoing, as the whale continues to evade liquidation by boosting its position through TWAP. Itâs like watching a really intense episode of âSurvivor,â but with more spreadsheets and fewer coconuts. đ„„
Hyperliquidâs official account even chimed in on this viral bear traderâs antics, saying, âWhen a whale shorts $450M+ BTC and wants a public audience, itâs only possible on Hyperliquid.â Because nothing says âIâm a big dealâ like a public spectacle in the crypto world! đ
Earlier this month, on March 12, another whale decided to go long on Hyperliquid with 50x leverage for 175,000 ETH worth $340 million. But due to the massive liquidation amount, Hyperliquid had to absorb the position at $1,915, resulting in a loss of over $4 million. Talk about a rough day at the office! đ±
Read More
- Fortress Saga tier list â Ranking every hero
- Cookie Run Kingdom Town Square Vault password
- Glenn Greenwald Sex Tape Leak: Journalist Cites âMaliciously Politicalâ Motives
- Mini Heroes Magic Throne tier list
- Grimguard Tactics tier list â Ranking the main classes
- Castle Duels tier list â Best Legendary and Epic cards
- Cat Fantasy tier list
- Maiden Academy tier list
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Hero Tale best builds â One for melee, one for ranged characters
2025-03-17 10:41