🐋 Whale bets $350 million on Bitcoin and could lose everything if the price falls!
A whale in the crypto market made a bold bet by opening a leveraged long position of $354 million in Bitcoin, using 20× leverage on the Hyperliquid exchange. The entry was made at an average price of $108,511, but the operation has already accumulated an unrealized loss of about $2.9 million.
The major risk lies in the automatic liquidation level, set at $101,764. If BTC falls below this value, the 3,303 BTC allocated in the operation will be forcibly liquidated, which could create a domino effect in the market.
On the other hand, the liquidation map from Trading Different shows that a rise above $112,000 could cause mass liquidations of short positions, driving the price up to $116,000.
The operation demonstrates the risk appetite of large investors and how leveraged decisions can drastically influence the crypto market in a matter of hours.