Whale takes on 40x short Bitcoin position worth $118.8M
$4M in USDC used as margin; liquidation at $116,510
Unrealized profit already exceeds $1.1M
Whale Returns With Massive BTC Short
A well-known crypto whale, who previously realized $13.6 million in profits on Hyperliquid, has made a dramatic return to the market. This time, the trader has opened a high-risk 40x short position on Bitcoin (BTC), making waves with a bold bet against the current market trend.
The new position is worth approximately $118.8 million, built using just $4 million in USDC as margin. With 1,097.47 BTC shorted at an entry price of $107,926.60, the trader is banking on a price drop to maximize returns. The position’s liquidation price is $116,510, giving the whale a tight margin for error.
Early Gains: $1.1M Unrealized Profit
Despite the high leverage and risk, the trade is already showing an unrealized profit of $1.176 million, including funding fees. The fast turnaround suggests the whale may be targeting short-term volatility or reacting to bearish technical signals in the market.
Given the scale of this position and the trader’s past success, this move is being closely watched by analysts and market participants. High-leverage plays like this often indicate strong conviction—or equally, a high tolerance for risk.
A whale with a $13.6M realized profit on #Hyperliquid is back with a high-risk 40x $BTC short position!
Current BTC trade:
• Total $USDC deposited for margin: $4M
• Size: 1,097.47 $BTC (~$118.8M)
• Entry: $107,926.6
• Liquidation: $116,510
• Unrealized P/L: +$1.176M… pic.twitter.com/frtT1hVM1A
— Spot On Chain (@spotonchain) July 8, 2025
What It Means for the Market
Large short positions, especially ones this leveraged, can add pressure to spot and derivatives markets. If Bitcoin dips further, the trade could add momentum to downward price action. However, if BTC climbs and nears the liquidation price, the short could be wiped out quickly.
This move illustrates just how high-stakes crypto trading has become—and how experienced players continue to take calculated risks even in volatile conditions.
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