A Stunning Gamble! A Mysterious Whale Frenzies with a $393 Million Bet on Bitcoin, 40x Leverage Reveals a 'Death Line'
On June 10, 2025, the cryptocurrency market experienced an epic maneuver! On-chain data shows that an anonymous whale on the Hyperliquid exchange frantically increased its long position in Bitcoin, bringing its total position to $393 million (3,790 BTC), with an average entry price locked at $103,083, while the liquidation price is only $95,576—this means that if Bitcoin drops by 7.3%, this position will instantly vanish.
This maneuver can be described as 'dancing on the edge of a knife': the initial position was worth $276 million, and it was aggressively built with 40x leverage. When the price of Bitcoin briefly fell below $103,000, the whale actually doubled down against the trend, expanding the position by 42%, currently showing an unrealized profit of $3.3 million. CoinGlass real-time monitoring shows that this position accounts for 18% of the total Bitcoin contract open interest on the Hyperliquid platform, making it a mad gamble that 'kidnaps the market' by a single player.
The market has fallen into a frenzy: cryptocurrency detective ZachXBT urgently warns that this operation is highly similar to the William Parker incident in March 2024—when a short whale manipulated the market with ultra-high leverage, eventually leading to a bloodbath for retail investors with a profit of $20 million. Even more intriguing is that the Hyperliquid platform has recently seen frequent mysterious large positions, suspected to be manipulated by 'insider players'.
The current Bitcoin price hovers around $104,000, with only 4.3% buffer space left to the liquidation line. If tonight's U.S. stock market opening triggers volatility, this nearly $400 million 'Russian roulette' may lead to a chain reaction of liquidations. Historical data shows that in May 2024, whale James Wynn took similar gambles, resulting in 100,000 investors being liquidated in a single day, with the market flowing with blood.
Warning: Cryptocurrency analyst Ash Crypto urgently calls out on social media: 'This is not investing, but provoking the market with nuclear-level leverage!'
