by Nayab Fatima
The current Bitcoin price swings bring more market trading while one large investor bets against the market before Bitcoin moves back to its 200-day average point. Traders have united to force liquidation because one large investor made a daring speculative move. A major investor has invested $445 million into Bitcoin perpetual futures while using a leverage of 40x on the Hyperliquid platform.
Lookonchain analysis with Hyperliquid data shows the position needs to reach $85,940 for forced withdrawal. Given the large amount of leverage used the trader has earned $4.4 million so far although the trading method is dangerous. Social media trader CBB (@Cbb0fe) and his followers cooperate to push Bitcoin higher in order to force the whale’s large financial bet to fail.
Massive Bitcoin Short Position
Lookonchain published an update that showed how the trader used a team against public hunter Cbb0fe to purchase Bitcoin at short levels above $84,690 through aggressive actions. The team started trading BTC one hour after its formation and pushed the price quickly past $84,690.
The whale protected themselves from being sold out by adding $5 million USDC to their account to preserve trading power. The lookonchain analyst emphasized that the whale added more BTC to their holdings at 5,406 ($449 million) with $4.4 million in unrealized profit. CBB and his group kept working at the challenge as the trader tweeted multiple times to get more people into the “hunt.”
Despite this setback he urged his followers to keep fighting since we have not given up on winning the overall struggle. Locked in.” People in the crypto community now debate how group trading beats market whales in power. The trader’s actions on the Hyperliquid platform promote transparent high-leverage trading options.
Whale Counters Liquidation Attempt
Through its statement on X the exchange demonstrated that Hyperliquid has transformed trading methods effectively. Only through Hyperliquid’s platform could a whale accomplish their public BTC short trade of $450 million plus. […] A trading position through Hyperliquid cannot be doubted just like anyone can trust their Bitcoin balance. The decentralized future is here.”
Hyperliquid has already experienced this type of attention before in the past. Before this announcement the platform gained media attention after a whale executed liquidation arbitrage. The operation created insufficient funds to cover loans which caused Hyperliquid to sell into its decentralized HLP vault forcibly.
Bitcoin’s ongoing uncertainties drive market watchers to observe the whale move while market participants anticipate if the group can force the liquidation. Crypto trading remains highly unpredictable because market movements depend on both small traders and big players using their leverage to make transparent market actions.
#blockchain #crypto, #decentralized, #distributed, #ledger
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