Whale on the Run: The $450 Million Bitcoin Short That Has Everyone in a Tizzy! 🐋💾

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So, there’s this whale on Hyperliquid—no, not the kind you see at SeaWorld, but the kind that’s 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, there’s a full-blown man-hunt to stop this aquatic bandit! đŸ•”ïžâ€â™‚ïžđŸ’°

According to the latest gossip from Hypurrscan (yes, that’s 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)—which sounds like a fancy way to say “I’m trying to be sneaky.” They managed to wrangle 208 BTC at a price of $83,392, raking in over $18 million. Not too shabby for a morning’s work! â˜•đŸ’”

But wait, there’s 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 doesn’t love a little margin drama? On-chain data reveals they’ve already racked up a loss of nearly $1.1 million. Ouch! 😬

This whale is like the Houdini of crypto—still 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 “liquidation.”

The whale


— 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. They’re playing with 40x leverage and have an unrealized profit of $4 million. Meanwhile, they’re also juggling a long position with 5x leverage for 571,715 MELANIA (yes, that’s a thing) worth $390,000. Because why not? đŸ€·â€â™€ïž

This whale kicked off their massive short position on March 16, and it didn’t 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. “If you’re ready to hunt this dude with size, drop a DM,” CBB said, probably while sipping a latte. ☕

In another post, CBB was like, “7 figs size only, please!” because apparently, they were already swimming in funds that exceeded eight figures. Talk about a high-stakes game of tag! đŸ·ïž

Just an hour after forming the team, they managed to push Bitcoin’s price from $83,183 to over $84,690. The whale was forced to cough up $5 million in USDC to keep from being liquidated. It’s like a game of financial whack-a-mole! đŸŽȘ

But the manhunt is still ongoing, as the whale continues to evade liquidation by boosting its position through TWAP. It’s like watching a really intense episode of “Survivor,” but with more spreadsheets and fewer coconuts. đŸ„„

Hyperliquid’s official account even chimed in on this viral bear trader’s antics, saying, “When a whale shorts $450M+ BTC and wants a public audience, it’s only possible on Hyperliquid.” Because nothing says “I’m a big deal” like a public spectacle in the crypto world! 🎉

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! đŸ˜±

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2025-03-17 10:41