Bitcoin (BTC) has been stabilized since last Tuesday, bouncing at its average of 200 days more than $ 84,000 this weekend. However, a cryptocurrency has adopted a counter-current position by raising a lever for leverage on the BTC worth millions of hyperliquids while betting bullish on the Melania token.
During the editorial staff, the whale occupied a short position in BTC Perpetual Futures worth more than $ 445 million, generating an unpaid gain of $ 1.3 million. The position used a 40x lever effect and a liquidation price of $ 86,000, according to Data Source Hyperliquid and Lookonchain.
The disproportionate short film anticipating a Bitcoin price slide made waves on social networks X Sunday while the pseudonym CBB trader invited other market players for a bull consortium aimed at liquidating the whale.
“11 am, @ cbb0fe publicly trained a team to hunt this whale that short-circuited $ BTC with a 40x lever effect. An hour later, the team was in action, driving $ BTC above $ 84,690 in a short period,” said the Blockchain Lookonchain on X.
“The whale was forced to deposit $ 5 million USDC to increase the margin and avoid liquidation. But hunting has finally failed,” added Lookonchain.
During the editorial staff, the cryptocurrency also owned a long position of 5x lever effect in the perpetual future of Melania, anticipating an increase in prices in the same that would have been marketed by MKT World LLC, a company recorded by Florida belonging to Melania Trump, the wife of the American president Donald Trump.
Hyperliquid has applauded the whole episode on X, claiming that the transparency of commercial positions on its platform has redefined trading.
“When a whale short film is $ 450 million + BTC and wants a public audience, it is only possible on the hyperliquid. When the titles say” Bitcoin Market on Edge “, they assimilate” hyperliquid “with the” market “.
The platform was in the news last week after an influential whale executed the so-called “liquidation arbitration” in extract from floating benefits, leading to a shortage of margin. This induced a liquidation and transferred the risk to the HLP trunk of the decentralized exchange.
