A massive $88.5M BTC short was liquidated on HTX in one order.
The trader’s identity is unknown, sparking speculation online.
The liquidation highlights the volatility of leveraged crypto trading.
Massive Liquidation Shocks the Market
A stunning liquidation event just rocked the crypto world. An anonymous whale had a colossal $88.5 million BTC/USDT short position wiped out in a single order on the HTX exchange. This massive loss has sent ripples across the community, drawing attention to the dangers of high-leverage trading in such a volatile market.
According to on-chain trackers and exchange data, the liquidation occurred swiftly as Bitcoin’s price surged, catching the whale on the wrong side of the trade. This incident serves as a stark reminder that even large players are not immune to the brutal swings of the crypto markets.
Leverage: A Double-Edged Sword
The use of leverage allows traders to amplify their positions, but it also magnifies risk. In this case, the trader was betting heavily on Bitcoin’s price dropping—but instead, the market moved sharply upward, triggering an automatic liquidation of the short.
Short positions profit when prices fall. If prices rise, losses are unlimited.
Liquidations happen when margin levels can’t support the position.
Whale trades like this can move markets and attract attention from analysts and bots alike.
This liquidation adds to a growing list of recent high-profile losses as Bitcoin continues to test new highs. It’s a cautionary tale for retail and institutional traders alike.
ALERT: An unknown whale just had a $88.5M BTC/USDT short liquidated in a single order on HTX. pic.twitter.com/GqHFL4LNLe
— Cointelegraph (@Cointelegraph) July 10, 2025
What It Means for the Market
Large-scale liquidations can add to price volatility in the short term. When a big short is liquidated, it often triggers buying pressure, pushing prices even higher. That might have helped fuel Bitcoin’s latest upward momentum.
While the identity of the whale remains unknown, some speculate it could be a hedge fund or private trading firm caught off guard by rapid market movements. Whatever the case, the message is clear: leverage can be lethal—even for the biggest players.
Read Also:
88.5M BTC Short Liquidated in One Order on HTX
$2.9M Raised And Counting—Arctic Pablo Coin Is The Sleeper Hit Of This Cycle Amid Dogecoin And Dogs Gaining Momentum
46% of Traders See Bitcoin Hitting $120K in July
SUI Volume Climbs, LINK Targets Breakout, and BlockDAG’s U.S. Buzz Adds $335M Boost
HSBC Explores e-HKD on Arbitrum, Ethereum & More
The post 88.5M BTC Short Liquidated in One Order on HTX appeared first on CoinoMedia.