40x Leverage, Millions at Stake – Meet the Trader Who’s Betting Big Against BTC
This weekend, a trader on Hyperliquid, a decentralized derivatives exchange, attracted attention with his impressive short position on Bitcoin. Using 40x leverage, the trader’s bet has a notional value of about $379 million — enough to attract attention in the crypto world.
Tether FUD' Trader Grabs Attention With Bold Bitcoin Short Bet At 1:00 p.m. ET on Sunday, March 16, all eyes were on a Hyperliquid trader named “ 0xf3f. ” The trader had invested about $16.2 million into the decentralized derivatives platform, setting himself up for a high-risk short position in Bitcoin with 40x leverage.
With an entry price of $84,018 and a liquidation threshold of $86,593, the position has a notional value of about $379 million, keeping market watchers on edge. In an unexpected turn of events on Hyperliquid, trader “0xf3f” decided to change his account name to “ Tether FUD .”
Meanwhile, the price of BTC was hovering just above $84,000, and at around 12:05 PM ET, the trader was dangerously close to liquidation when Bitcoin briefly rose to $85,059 per coin. Some in the crypto community watched with anticipation , convinced that market manipulators were aware of the short position and were trying to force its liquidation.
But BTC didn't stay high for long. The price quickly dropped back into the range just above $84,000, and then even lower to $83,906 per coin. With each drop, the trader's short position becomes more profitable.
At the current price of BTC, they have an unrealized profit of approximately $2.4 million. Many speculate that this trader may have information that is not available to the general public, given the size of their short bet. Regardless of their knowledge, one thing is clear: as long as BTC remains below $84,000, “Tether FUD” is in the black. As of 1:10 pm, BTC has held above the $84,000 range, reducing the trader’s floating profit.
Major Player Closes $516M Bitcoin Short Position — Profits $9.4M in 8 Days A major Bitcoin holder has made a $9.4 million jackpot by closing a $516 million short position in just eight days. A bearish play on the price of Bitcoin has paid off for this investor.
Bet against Bitcoin An anonymous large investor, or “whale,” opened a short position of 6,210 bitcoins (equivalent to $516 million) using 40x leverage. This approach involves using borrowed funds to increase the size of the trade, which greatly amplifies both potential profits and losses.
According to Hypurrscan, the investor entered the position at $84,043 per bitcoin, and faced liquidation if the price rose above $85,592. However, good timing allowed him to exit the trade, earning $9.46 million.
Risky maneuver To hold on to his position, the whale had to add $5 million after a group of public traders tried to organize a "hunt" to liquidate him. Their attempt was unsuccessful, and as a result, the investor closed the short, coming out with a nice profit.
Etherscan data shows that after taking profits, the whale switched to Ethereum and bought over 3,200 Ethereum worth $6.1 million.
Context: Inflation Impact and Fed Meeting This deal took place against the backdrop of the publication of the February Consumer Price Index (CPI) in the United States, which showed growth of 2.8% instead of the expected 2.9%. Such data indicates a decrease in inflation risks, which in theory could have a positive effect on the further dynamics of Bitcoin.
The Federal Open Market Committee (FOMC) will meet on March 19, where investors are expected to receive additional signals about the Federal Reserve’s monetary policy for 2025. There is a 99% chance that the rate will remain unchanged, according to the Chicago Mercantile Exchange’s FedWatch tool. However, analysts warn that any unexpected tightening of rhetoric could put pressure on risk assets, including Bitcoin.
Short of the Year: Trader Bet $368 Million on Bitcoin to Fall Ahead of Fed Meeting
A major cryptocurrency investor has opened a short position of 4,442 bitcoins with 40x leverage ahead of a busy economic week. The deal is worth over $368 million, with an average entry price of $84,043.
According to Hypurrscan, the Bitcoin whale has already earned more than $2 million in unrealized profits on the fall in the exchange rate. However, his position will be liquidated if the price of Bitcoin rises above $85,592. At the same time, the investor has already lost more than $200,000 in fees for financing the position.
Strategy and possible motives Of particular interest is that a major player has placed orders to close a short position at $68,774. Such a deep take profit can be interpreted as a signal to the market about the forecast of a significant decline.
The trader's motives remain a matter of speculation. It could be a gambler with a large capital, an investor with inside information, or even an attempt to manipulate the market.
Community vs. Whale After information about a large short position appeared on the social network X, a campaign to raise funds to counter the whale began. Users plan to organize a so-called "short squeeze" - a situation of forced closing of short positions due to a sharp increase in the price of an asset. This is reminiscent of the famous case with GameStop shares, when traders from the Reddit platform were able to resist hedge funds.
Context of macroeconomic events The massive bet on a decline comes ahead of major economic events, including the Federal Open Market Committee (FOMC) meeting on March 19. The Fed's decisions and comments could significantly impact investors' appetite for risk assets, including Bitcoin.
The opening of such a large short position in Bitcoin may signal growing skepticism among some major players about the short-term prospects of the cryptocurrency market ahead of important macroeconomic events.
Traders Bet $550 Million on Bitcoin to Fall to $70,000
Crypto traders are expecting further declines in the price of Bitcoin in March, having accumulated $550 million in positions in put options with a strike of $70,000, according to data from Amberdata, DLNews writes .
Derive head of research Sean Dawson noted a rise in bearish sentiment in a March 11 report . Almost 43% of contracts traded on the platform overnight were puts, reflecting the need to hedge against a downside move, he said.
“The market faces significant challenges as the macroeconomic situation worsens, and crypto assets are no exception. […] The coming weeks are critical to assess how the broader economic situation impacts digital asset prices and trading behavior,” Dawson said.
However, not all market participants are pessimistic about Bitcoin's future prospects. Data from the Deribit derivatives exchange show traders actively increasing their positions in call options with a strike price of $100,000-120,000.
At the same time, the ratio of contracts for sale and purchase remains in favor of the bears - 0.52.
TDI Indicator: Green signal and increasing bullish momentum
📈 Key Levels:
Resistance: $600 - $620
Support: $570 - $550
🔮 Price Scenarios:
✅ Bullish: If BNB breaks above $600, it could move towards $620 or higher. Wait for confirmation above $600 for a long entry. ❌ Bearish: If rejected at $600, a drop to $570 or even $550 is possible. Consider shorting below $570.
🚀 Conclusion: BNB is in bullish momentum, but the $600 level will be a key breakout zone.
✅ Bullish: If LINK breaks above $15.00, it could move towards $15.50 or higher. Wait for confirmation above $15.00 for a long entry. ❌ Bearish: If rejected at $15.00, a drop to $14.00 or even $13.50 is possible. Consider shorting below $14.00.
🚀 Conclusion: LINK is in bullish momentum, but the $15.00 level will be a key breakout zone.
✅ Bullish: If ETH breaks above $1,950, it could move towards $2,000. Wait for confirmation above $1,950 for a long entry. ❌ Bearish: If rejected at $1,950, a drop to $1,900 or even $1,850 is possible. Consider shorting below $1,900.
🚀 Conclusion: ETH is showing bullish signals, but it needs to break $1,950 for further upside; otherwise, rejection risk remains.
✅ Bullish: If XRP breaks above $2.40, it could move towards $2.45 and beyond. Wait for confirmation above $2.40 for a long entry. ❌ Bearish: If rejected at $2.40, a drop to $2.25 is possible. Consider shorting below $2.25.
🚀 Conclusion: XRP is in a bullish trend but needs to break above $2.40 for further upside.
✅ Bullish: If TON breaks above $2.95, it could move towards $3.05 and beyond. Wait for confirmation above $2.95 for a long entry. ❌ Bearish: If rejected at $2.95, a drop to $2.75 is possible. Consider shorting below $2.75.
🚀 Conclusion: TON is in a bullish trend but needs to break above $2.95 for further upside.
✅ Bullish: If BTC breaks above $85,500, it could move towards $87,000 and beyond. Wait for confirmation above $85,500 for a long entry. ❌ Bearish: If rejected at $85,500, a drop to $82,000 is possible. Consider shorting below $82,000.
🚀 Conclusion: BTC is in a bullish trend but needs to break above $85,500 for further upside.
RSI: 57.55 – Bullish momentum is gaining strength.
TDI Indicator: Bullish trend confirmed.
📈 Key Levels:
Resistance: $12.50 - $13.00
Support: $11.50 - $11.00
🔮 Price Scenarios:
✅ Bullish: If TRUMP breaks above $12.50, it could push toward $13 and beyond. Wait for confirmation above $12.50 for a long entry. ❌ Bearish: If rejected at $12.50, a pullback toward $11.50 is possible. Consider shorting below $11.50.
🚀 Conclusion: TRUMP is in a bullish breakout, but a confirmation above $12.50 is necessary for further upside.
✅ Bullish: If AVAX breaks above $19.50, it could push towards $20 and beyond. Long above $19.50 ❌ Bearish Pullback: If rejection happens, the price may retest $18. Short below $18.50
🚀 Conclusion: AVAX is showing bullish signs, but confirmation above $19.50 is needed for further upside.
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RSI: 54.59 – Neutral but showing bullish momentum.
SMI: Confirming an uptrend.
📈 Key Levels:
Resistance: $580 - $600
Support: $550 - $540
🔮 Price Scenarios:
✅ Bullish: If $580 is broken, the path to $600 and $620 opens. Long above $580 ❌ Bearish Pullback: If $580 holds as resistance, the price may drop to $550 - $540. Short below $565
🚀 Conclusion: BNB is in an uptrend, but $580 - $600 is a critical resistance zone. If a breakout occurs, further growth is likely!
Bitcoin, XRP, Dogecoin Rebound After New Cryptocurrency Strategic Reserve Bill Makes Its Way to Congress
Bitcoin jumped 7.69% to $82,733.64 after the introduction of the new BTC reserve bill.
XRP and Dogecoin also recovered, showing significant gains.
Analysts suggest that BTC could rise to $92,000 if it breaks through a key resistance zone.
Bitcoin and other major cryptocurrencies have surged after the U.S. House of Representatives introduced a bill to establish a Bitcoin Strategic Reserve. The bill, known as the Bitcoin Act of 2025, was introduced by Representative Nick Begich (R-AK) with the goal of creating a reserve without using taxpayer funding.
Notably, Senator Cynthia Lummis also reintroduced the BITCOIN Act on Tuesday, which now has more co-sponsors in the Senate than before.
Following the news, Bitcoin jumped 7.69% to $82,733.64, briefly breaking above $83,000. It is now trading at $82,316, up 2.5% over the past day. The announcement also raised Bitcoin's market dominance to 61.3%, its highest in a year.
In parallel, Ethereum rose 5.57% to $1,910.35, rebounding from below $1,800. XRP is currently trading at $2.22, up 5% today after initially falling to $1.92. Dogecoin also rose 10.04% to $0.1652.
Meanwhile, several lesser-known altcoins also saw strong gains during the period. Kaspa jumped 27.07% to $0.4805, while Bittensor and Celestia jumped 20.60% and 19.59%, respectively.
Attackers from the North Korean hacker group Lazarus have published six infected npm packages on the GitHub platform that are capable of stealing keys to crypto wallets, among other things. This was reported by Socket specialists.
According to experts, the attackers tried to pass off the infected code as popular libraries that are often downloaded from the platform. The hackers hope that developers will use the compromised files and embed the malicious code in their products. Special repositories were created for five of the packages to add credibility to the scheme.
Socket noted that the code is capable of extracting data on cryptocurrencies, in particular, confidential information from Solana and Exodus wallets. The attack targets Google Chrome, Brave, and Firefox files, as well as data from the Keychain storage in macOS.
“It is difficult to determine whether this attack is related to Lazarus or a copycat. However, the tactics, methods, and procedures (TTP) observed in this npm attack are closely related to known Lazarus operations, which have been well-documented by researchers from Unit42, eSentire, DataDog, Phylum, and others since 2022,” wrote Kirill Boychenko, a threat intelligence analyst at Socket.
The problematic files were downloaded more than 330 times. Experts called for the malicious repositories to be removed. Recall that Bybit called on the ParaSwap DAO to return 44.67 wETH (~$100,000) earned in Lazarus transaction fees.
📌 Bitcoin is trading at $82,862, up +5.44% in the last session. 📌 The price has formed a steady uptrend but is currently consolidating after a strong bullish move.
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2️⃣ RSI 14 Close (Divergence Indicator)
📌 RSI is currently at 53.91, indicating a neutral-to-bullish momentum. 📌 Bearish divergences were observed earlier, suggesting that momentum might be weakening despite higher price levels.
💡 If RSI drops below 50, we could see increased selling pressure. If it stays above 50-55, bulls remain in control.
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3️⃣ SMI 10 3 3 (Stochastic Momentum Index)
📌 SMI is currently -2.29 and -16.35, suggesting a slight downward momentum but still within a neutral range. 📌 If SMI curves back up, it could signal a bullish continuation.
💡 A crossover to the upside would confirm a potential long entry.
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📊 Conclusion & Trade Scenarios
✅ Bullish Scenario: ✔️ If BTC holds above $82,500 and RSI remains above 50, the next targets could be $83,500 – $84,000. ✔️ Confirmation would come if SMI crosses back up.
❌ Bearish Scenario: ❌ If BTC drops below $82,500 and RSI dips under 50, a correction to $81,500 – $82,000 is possible. ❌ Watch for a confirmed SMI downtrend.
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🎯 Trading Strategy
🔹 Long Entry: If price holds above $82,500 with RSI above 50, targeting $83,500 – $84,000. 🔹 Short Entry: If price breaks below $82,500 with RSI losing 50, targeting $81,500 – $82,000.
1️⃣ Price Action & Trendline 📌 XRP has formed a symmetrical triangle and successfully broke out to the upside, indicating bullish momentum.
📌 Currently, the price is retesting the upper trendline of the triangle as support. If this level holds, the price may continue to rise.
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2️⃣ RSI 14 Close (Divergence Indicator) 📌 RSI is currently at 49.09, which is in the neutral zone. 📌 It has previously shown multiple bullish divergences, indicating that momentum is increasing despite price declines.
💡 If RSI moves above 50, it strengthens the case for further upward movement. However, if it drops below 45-50, selling pressure could increase.
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3️⃣ SMI 10 3 3 (Stochastic Momentum Index) 📌 SMI is currently at -32.57, close to the oversold zone. 📌 If SMI starts moving upward, it could confirm bullish momentum.
💡 A rising SMI along with RSI above 50 would be a strong signal for a long position.
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📊 Conclusion & Possible Scenarios
✅ Bullish Scenario (Uptrend Continuation) ✔️ The price has broken out of the triangle and is now testing support. ✔️ If this support holds and RSI + SMI confirm the move, the next target could be $2.20 – $2.25 USDT.
❌ Bearish Scenario (Downtrend Reversal) ❌ If XRP fails to hold support and RSI drops below 45, the price could decline toward $2.10 USDT.
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🎯 Trading Strategy 🔹 Long Entry – If the price holds above $2.17–$2.18 and RSI + SMI confirm, targeting $2.20–$2.25. 🔹 Short Entry – If the price breaks below trend support and RSI drops under 45, aiming for $2.10.
⚠️ Risk Management: A stop-loss at $2.15 USDT is recommended.