Whale in Trouble: $450M BTC Short Backfires—Trapped in Their Own Trade!🙀🤯🤯
Earlier today, a major trader opened a massive $450 million short position on Bitcoin via Hyperliquid. Now, they’re desperately trying to buy back BTC to close their position, but there’s a problem—their sheer size is working against them!
Every buy order they place pushes BTC's price higher, making it harder to exit profitably. So far, they’ve only managed to close 260 BTC out of their massive 5,600 BTC position, leaving them trapped in their own trade.
Bitcoin’s current price is hovering near their entry point, but their Unrealized PnL has dropped sharply from $10M to just $1M. They still have a huge 5,330 BTC left to close, and if they can’t exit soon, rising prices could push their position into the red.
Hyperliquid’s transparency has given traders a rare glimpse into this high-stakes battle. Will the whale escape, or will their own position lead to even bigger losses?
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