Whale is making moves again: after transferring 20 million USD in BTC, instantly opening a 120 million USD short order.

2025-12-22 02:58:11

A interesting operation has been detected by 【区块律动】. A Whale starting with 0x94d transferred nearly 20 million USD worth of BTC Spot in on the 19th, and then sold it all off. This guy wasn't idle; he directly used this money to open leveraged short orders on Hyperliquid — 10x BTC and 10x ETH all in.

The total holding scale of this whale has now expanded to $122 million, making it the largest player in BTC short orders on Hyperliquid. What does the specific position look like?

For the BTC short order here, the scale is 120 million USD, with an average price stuck at 87,300 USD. Currently, there is an unrealized loss of 1.26 million USD, with a decline of -10%. The liquidation price is at 101,000 USD, which means that as long as BTC rises to this position, this huge position will have to be liquidated.

The volume of the ETH short order is relatively smaller, with a position of 2.14 million USD and an average price of 2920 USD, but the unrealized loss is greater, with a loss of 55,000 USD and a decline of -25%.

Interestingly, this whale's strategy is to first accumulate spot, then liquidate, and then directly use leverage to go short. This kind of approach can indeed be seen when market sentiment is bearish, but the scale and leverage multiplier are still quite aggressive.

BTC-0,5%

ETH1,07%

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AirdropChaser

· 2025-12-25 02:13

This whale is really crazy, pouring in 20 million and then immediately closing the short positions, still daring to use 10x leverage... The liquidation price is almost right at the face, is this just throwing a tantrum or genuinely bearish?

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JustAnotherWallet

· 2025-12-24 15:26

This whale really dares to play. They transferred 20 million in spot all at once and immediately sold everything, then opened a 120 million short position... Holding on despite a floating loss of 1.26 million, with a liquidation price of only 101,000, this distance is a bit risky.

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AirdropAutomaton

· 2025-12-23 18:15

This Whale is really going hard, directly leveraging to short at 87,300, and now has unrealized losses of 1.26 million and is still holding on.

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quietly_staking

· 2025-12-22 03:28

Once sold out, he goes straight to leverage. This guy really can't sit still, 120 million short orders and still daring to go 10x, what bravery!

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StopLossMaster

· 2025-12-22 03:26

This whale is really ruthless, turning over 20 million USD in BTC and fully shorting it, daring to use 10x leverage. Now it has unrealized losses of 1.26 million, and the liquidation price is at 101,000, which is a bit precarious.

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AllInAlice

· 2025-12-22 03:26

This whale is betting that BTC will fall, but now it's at a loss, haha.

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LiquidationWatcher

· 2025-12-22 03:25

This Whale is really bold, daring to play like this with 120 million short orders, the liquidation price is only 13,000 away and they have to admit defeat.

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MemeTokenGenius

· 2025-12-22 03:05

Wow, this guy is too bold, daring to place a 120 million short order like this? If BTC rises again, he's going to Get Liquidated.

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TokenDustCollector

· 2025-12-22 02:58

Wow, this guy is really daring, directly smashing a short order of 20 million in Spot, and now he's already facing unrealized losses of 1.26 million but still holding on, just waiting for BTC to fall.

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