If the price of BTC decreases, the whale’s large holdings could face liquidation soon.
Partial exits from the trade have already moved BTC prices significantly due to the size of the orders.
Experts state that it is increasingly difficult to carry out major trades in Bitcoin, despite its high liquidity.
A high-profile Bitcoin whale—known in trading circles as the “Hyperliquid Whale”—is drawing significant attention for his massive leveraged position in BTC. According to recent data by analyst DaanCrypto, the trader has maintained a public long position valued at approximately $1.2 billion.
Source: (X)
However, after partial position closures and a recent price dip, his active long now stands at $1 billion and is reportedly underwater. Market analysts suggest the whale’s current strategy presents both a case study in high-risk crypto trading and a unique stress point for price volatility on major exchanges.
BTC Market Drops Below Key Levels as Whale Faces Liquidation Risk
Bitcoin has declined by 1.85% over the past 24 hours, falling to around $108,943.45 at the time of writing. The price drop has pushed the whale’s position closer to his estimated liquidation threshold, which sits roughly 3%–4% below current levels—near $104,000 if no additional collateral is added. Traders monitoring the situation say the liquidation risk is growing unless the asset recovers or the position is adjusted.
Source: CoinMarketCap
The support level is currently noted at $107,156, while resistance stands at $111,253. Any sudden movement in either direction could trigger wider market reactions, particularly if liquidation begins or further scaling occurs. Despite the recent decline, the trader has still achieved a net profit of $31 million over the past 30 days, driven by active position management and sharp timing during market swings.
Large Trade Execution Causes Market Impact
One of the core challenges facing this whale is the sheer size of his positions. Analysts observe that even relatively small trims in the overall holding—such as the $200 million reduction recently executed—can move the BTC price by several hundred dollars. This illustrates a broader issue in digital asset markets: even on a high-liquidity asset like Bitcoin, executing trades at multi-million-dollar levels without creating slippage remains difficult.
Market participants have noted that these moves introduce short-term volatility, especially during periods of low volume. As a result, smaller traders often respond with caution when major holders begin repositioning.
High-Stakes Position Highlights Risk in Crypto Derivatives Market
The situation also raises questions about risk management strategies in the crypto derivatives space. With every 1% move in BTC translating into a $10 million swing in profit or loss for the whale, the position’s margin for error remains extremely narrow. This type of exposure is uncommon, even among institutional players, and underscores how leveraged plays at this scale can influence short-term market sentiment.
Many are still paying close attention, since additional activity by either BTC or the whale could result in increased market activity. No liquidation has been initiated as the position is still active.
