Record-Breaking $517 Million Bitcoin Short Placed By Influential Whale—Analyst Says The Investor Isn't Dumb

Record-Breaking $517 Million Bitcoin Short Placed By Influential Whale—Analyst Says The Investor Isn't Dumb

The whale who made heads turn with their overleveraged short bet on Bitcoin (CRYPTO: BTC) has now opened a position worth $517 million, its highest ever. What Happened: The investor placed its largest short ever on Bitcoin, amounting to 6,211 BTC, worth nearly $517 million, according to on-chain tracker Spot On Chain. The position was opened at an entry price of $83,898 on decentralized perpetual trading platform Hyperliquid, and the trader was …

Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days - WorldNL Magazine

A Bitcoin whale has closed over half a billion dollars in short positions, betting on Bitcoin price’s decline ahead of the much-awaited Federal Open Market Committee (FOMC) meeting this week.A large crypto investor, or whale, made nearly $10 million profit after closing a 40x leverage short position for 6,210 Bitcoin (BTC) — worth over $516 million — which functions as a de facto bet on Bitcoin’s price fall.Leveraged positions use borrowed money…

Massive Whale Profit: $9.4M in 8 Days from $516M Bitcoin Short

In a recent cryptocurrency trading move, a “whale” initiated a massive $516 million short position on Bitcoin, seeing a potential 40x return. This unprecedented bet has caught the attention of the market, as the trader stands to make $9.4 million in just 8 days if the price of Bitcoin drops significantly. The whale’s bold move signifies a high level of confidence in the market direction, taking a sizable risk that could reap substantial rewards.…

Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 days

The $516 million Bitcoin short was closed a day ahead of the FOMC meeting, that may signal a Bitcoin recovery as inflation concerns ease.

Big Short: Massive Bitcoin Whale Ups the Ante

This massive whale has the biggest Bitcoin short in history

Was $520M Bitcoin short 40x leverage on Hyperliquid a setup? - TECHTELEGRAPH

Analysts speculate that a whale may have set up a $520 million Bitcoin short 40x leverage position on Hyperliquid as a trap to trigger a massive long. On Mar. 16, a Bitcoin (BTC) whale placed a massive $520 million short position on Hyperliquid (HYPE) using 40x leverage, making it one of the largest known trades on the decentralized exchange. With a liquidation price of $85,561, the trade would be wiped out if Bitcoin rose just 1.75% from his en…