According to data provided by cryptocurrency analytics platform CoinGlass, a massive Bitcoin whale has increased his short position to an eye-popping $515 million on the Hyperliquid platform. 

In fact, this is now believed to be the largest Bitcoin short ever.

As reported by U.Today, the whale opened a short position of $332 million with a 40x leverage last week, causing a significant stir. 

HOT Stories Big Short: Massive Bitcoin Whale Ups the Ante Shiba Inu (SHIB) Reaches Crucial Price Test, Ethereum (ETH) Eyeing $2,000 Again, Can XRP Avoid This Grim Movement? Hashdex Seeking to Add XRP and ADA to Crypto Index ETF Saylor Will 'Break' Bitcoin Game, Legendary Angel Investor Says

Related
Mon, 03/17/2025 - 20:37 Hashdex Seeking to Add XRP and ADA to Crypto Index ETF
Alex Dovbnya

After facing a multi-million loss on Monday, the trader has made a stunning comeback. His current unrealized profit stands at $6.43 million. 

Cryptocurrency market participants are now trying to hunt down the Hyperliquid whale and liquidate his position. The liquidation price currently stands at $85,557. 

Meanwhile, the Bitcoin price has just dipped below the $83,000 level. The cryptocurrency is down by nearly 1% over the past 24 hours. Overall, $184 million worth of crypto has been liquidated over the past 24 hours, with short positions making up the majority of this sum ($94.19 million).

Bitcoin is widely expected to experience more volatility on Wednesday when the U.S. Federal Reserve is expected to unveil its rate decision on March 19. The Fed is widely expected to keep the benchmark rate unchanged.   

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。