$140 Million Short Bet: Whale’s Massive Leverage Highlights Extreme Market Risk
A single crypto whale on Hyperliquid has deployed an aggressive, highly leveraged short position against Bitcoin (BTC) and XRP, totaling $140 million. This move, using 20x leverage on both assets, has already netted the unknown wallet a profit of approximately $3.1 million in under nine hours.
The extreme leverage used means the position is incredibly sensitive to price movements. While the short has been profitable (BTC dropped less than 2%, XRP dropped almost 4%), this strategy cuts both ways: a small positive reversal could result in a massive liquidation cascade for the whale.
This high-stakes trade comes amid market fears, reflected by the "Extreme Fear" reading on the Crypto Fear and Greed Index. The whale's success underscores the current market fragility and the potential for a single large, leveraged bet to influence sentiment. It serves as a stark reminder to traders about the extreme risk associated with high-leverage positions during periods of high volatility and market uncertainty.
