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Bitcoin has shown flexibility by bouncing its 200-day moving average since last Tuesday when it fell less than $ 76,606, yet it remains below this major technical limit. In this unstable market environment, a major whale has taken a contrasting position by setting up a highly leveraged short on bitcoin peritual futures through hyperlicid.
The huge bitcoin whale decreases
According to data from hyperlicid and blockchain analyst Lukanchen, the small position of the whale exceeds $ 445 million and uses 40x leverage. The condition comes with a liquidation value fixed at $ 85,940, and despite the underlying risks, the trader is already reporting an unrealistic advantage of $ 4.4 million.
Pseudonymous trader cbb (@CBB0FE) justifies a group of market participants to target the situation. Lukanchen’s report highlighted a coordinated attempt to force the whale’s hand: “This whale still managed to turn on a profit despite being hunted by a team! 11 hours ago, @CBB0FE publicly formed a team to hunt this whale, which reduced the BTC with 40X length. Exactly an hour later, the team was in action, running BTC above $ 84,690 in a short period, “Lukanchen Said On X.
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In particular, the whale was forced to deposit $ 5 million USDC to increase margin and avoid liquidation. “But the hunting eventually failed. Whale continued to increase its position to reduce BTC. Currently, the whale is making profits by closing the posts through TWAP. His current position is 5,406 BTC ($ 449m), with an unrealistic benefit of $ 4.4m. “Blockchain analytics service added through X.
In a range of rapid fire TweetsThe CBB intensified the situation, stating that the hunting has started, “adding this” if you are ready to hunt this friend with size, leave a DM, establish a team and get a good shape already. ” Later he said: “We have lost a battle but we have not lost war. Stopped. “And” Holy Chudai please send help from Eric Trump Divine Father to liquid this mafer. “
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Hyperlicid has deployed itself at the forefront of this unfolding drama, emphasizing the role of platforms in providing unmatched transparency in high-foot trade. In a statement posted on X, Hyperlicid commented: “Hyperlicid has defined trading again. When a whale shorts $ 450m+ BTC and public viewers want, it is possible only on hyperlicids. […] Anyone can photoshop the PNL screenshot. No one can question the hyperlicid situation, just as anyone can question the bitcoin balance. Decentralized future is here. ,
Hyperlicid was in the news after an incident recently incorporating a major whale, which carried out “liquidation mediation”. In the event, the extraction of floating profits led to a decrease of a margin, which triggers forcible liquidation, transferring the risk to the HLP vault of the decentralized exchange.
At the press time, BTC traded at $ 83,455.
Specially displayed image from ISTock, Chart from TradingView.com
