icon
icon
icon
icon
Upgrade
Upgrade

News /

Articles /

Hyperliquid 50x Whale Boosts Bitcoin Short Position 40% to $461M

Coin WorldSunday, Mar 16, 2025 7:51 pm ET
1min read

On March 17th, data from HyperInsight revealed a significant escalation in a prominent crypto trader’s short position on Bitcoin. The trader, known as the “Hyperliquid 50x Whale,” increased their 40x short position, elevating the notional value to $461 million. This move came after a recent decline in Bitcoin’s price, which allowed the trader to turn a loss into a profit. The position now boasts an unrealized gain of $8.1 million, with an entry price of $83,923.2 and a liquidation threshold at $85,808.

In addition to the short position on Bitcoin, the same trader also initiated a 5x long position on MELANIA, valued at $2.45 million. This strategic diversification was made with an entry price of $0.69135, and MELANIA’s current trading price stands at $0.7215. This multifaceted approach demonstrates the trader’s ability to navigate the current market dynamics effectively.

The increase in the short position on Bitcoin to $461 million indicates a significant bearish sentiment among large traders. This move suggests that these traders anticipate further declines in Bitcoin’s price, which could lead to additional short positions being opened. The trader’s decision to seize profit amid Bitcoin’s decline highlights the importance of timing and strategy in the volatile cryptocurrency market.

The trader’s diversification into MELANIA with a 5x long position valued at $2.45 million shows a strategic approach to managing risk. By taking a long position on MELANIA, the trader is hedging against potential losses in their Bitcoin short position. This move also indicates confidence in MELANIA’s potential for growth, despite the overall market downturn.

The trader’s actions reflect a broader trend in the cryptocurrency market, where large traders are increasingly taking advantage of price fluctuations to maximize profits. The ability to pivot from a loss to a profit in a short position on Bitcoin demonstrates the trader’s skill in timing the market and executing trades effectively. The diversification into MELANIA further highlights the trader’s strategic approach to managing risk and capitalizing on opportunities in the market.

Comments

Post
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App